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cpressland | 1 year ago

As somebody with very little understanding of the business world: why would a seemingly successful organisation like this become a public company? What benefits are there?

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avsteele|1 year ago

If you want to raise a ton of money for expansion this is (mostly) the only way.

Draiken|1 year ago

You can take investment without going public. It's most likely harder, but definitely doable.

mytailorisrich|1 year ago

It allows the company to raise money and existing shareholders to cash out or at least to turn their shares into liquid ones (that they can sell easily), with a "real" market value.

In this case, the article says that they've raised $200 million, which means they sold new shares as part of the IPO.

jjdhchdbeb|1 year ago

Funding is one reason but the real one a lot of times is you hit hard legal limits on how many people are on your cap table before it’s just easier to go public. Meaning if you want to keep giving equity to employees you are almost forced to go public.

nicce|1 year ago

Either they want to start rapidly growing or it is exit plan for the founders.

But if they company is very profitable already, this should not be necessary. They could still grow with complete mission-oriented way.

mbs159|1 year ago

I wonder what the impact would be to us (consumers) if there would be pressure from shareholders to increase profits. Will future Raspberry Pies be completely bare-bones unless you pay a hefty premium?

tim333|1 year ago

Founders can finally get their mansions.

jbaczuk|1 year ago

I wonder how they can swing that being that it is owned by a charity

mschuster91|1 year ago

Better access to external funding, for one.