this post was submitted on 30 Jan 2024
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224
Raspberry Pi is planning a London IPO, but its CEO expects “no change” in focus (arstechnica.com)
submitted 9 months ago by [email protected] to c/[email protected]
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The business arm of Raspberry Pi is preparing to make an initial public offering (IPO) in London. CEO Eben Upton tells Ars that should the IPO happen, it will let Raspberry Pi's not-for-profit side expand by "at least a factor of 2X." And while it's "an understandable thing" that Raspberry Pi enthusiasts could be concerned, "while I'm involved in running the thing, I don't expect people to see any change in how we do things."

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[–] [email protected] 178 points 9 months ago (14 children)

All I know is that basically every IPO I’ve seen has eventually made the product worse. I have no data to back this up, just feelings, but still. As soon as a company starts worrying about shareholders, corners start getting cut or prices start going up for no reason.

[–] [email protected] 31 points 9 months ago (6 children)
  • Google
  • Reddit

Those are the best two examples that come to my mind. Both were great until they IPO’d.

The problem, as I see it, with IPO’s is that the company becomes beholden to shareholders who care nothing for the product, and only for the profit. Quality and profit are fairly mutually exclusive these days.

[–] [email protected] 6 points 9 months ago

build something, IPO and cash out, then wall st. vultures suck all the value out of it

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