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Raspberry Pi becomes a public company (www.theregister.com)

submitted 5 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

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[–] todd_bonzalez@lemm.ee 30 points 5 months ago (1 children)

Raspberry Pi Holdings has always been a for-profit company. This isn't some sort of new news with them going public.

The Raspberry Pi Foundation is a separate organization that has not gone public and continues to operate as a nonprofit. In fact, the IPO was structured to raise some funds for the foundation's global impact fund.

I am not saying that the IPO is a good thing, in fact I'm pretty certain it isn't, but it's worth knowing that Raspberry Pi is two different organizations with two different missions.

[–] Crashumbc@lemmy.world 15 points 5 months ago

One is a tax shelter for the other got it.