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This is already the setup, the foundation owns the trading company and it is the trading company going to IPO. From a quick scan it's not clear to me what shar
by gchadwick 2y ago
This is already the setup, the foundation owns the trading company and it is the trading company going to IPO.
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.
- anticensor 2y agoAre non-profits allowed to own any stock in publicly traded companies in Britain?
- gchadwick 2y agoAccording to this: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/302278/cc14text.pdf 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.
- graemep 2y agoYes. large non-profits can need to invest a lot of money.
- londons_explore 2y agoYes, 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.
- szundi 2y agoPurpose of spinoff = get dividends to fund the original purpose
- deleted 2y ago[deleted]
- hgomersall 2y agoNon profits aren't generally charities.