Re:Raspberry Pi Ltd is considering an IPO
by anticensor on Wednesday May 15, 2024 @02:59PM
(#40370939)
Are non-profits allowed to own any stock in publicly traded companies in Britain?
Re:Raspberry Pi Ltd is considering an IPO
by gchadwick on Wednesday May 15, 2024 @03:08PM
(#40371034)
According to this: https://assets.publishing.service.gov.uk/government/uploads/... yes.
Note that the foundation has had a majority stake in RPi ltd (as a private company) for a long time this is not a new structure.
Re:Raspberry Pi Ltd is considering an IPO
by londons_explore on Wednesday May 15, 2024 @03:13PM
(#40371090)
Yes, but as shareholders they must still act according to their 'purpose', which is a term in UK law that a charity can choose when it is set up as part of its charter, and then every action must be in accordance with.
Purpose of spinoff = get dividends to fund the original purpose
Re:Raspberry Pi Ltd is considering an IPO
by hgomersall on Wednesday May 15, 2024 @05:23PM
(#40372530)
Non profits aren't generally charities.
From a quick scan it's not clear to me what share of ownership of RPi ltd the foundation would retain post IPO other than the foundation will be selling at least some of its stake:
> The Offer would be comprised of new Shares to be issued by the Company and existing shares to be sold by certain existing shareholders, including the Raspberry Pi Foundation, Raspberry Pi's existing majority shareholder.