Canonical starts IPO path

Canonical founder Mark Shuttleworth reveals the reason for recent changes with the powerhouse Ubuntu Linux company were to prepare it for an IPO.

IPO

An initial public offering, or IPO, is the first sale of a corporation’s common shares to investors on a public stock exchange. The main purpose of an IPO is to raise capital for the corporation. While IPOs are effective at raising capital, being listed on a stock exchange comes with heavy regulatory compliance and reporting requirements.

Canonical

Ubuntu's Mark Shuttleworth

In early April, Shuttleworth announced Ubuntu Linux was ending its ” investment in Unity8, the phone and convergence shell.” Ubuntu had long been a cloud power, and it’s been building its Internet of Things (IoT) reputation.

Ubuntu has industry adoption that is both broad and deep. Companies such as Walmart, Netflix, and eBay build their infrastructure on Ubuntu. Telcos such as Deutsche Telekom, AT&T, and NTT build their next-generation telecom capabilities on Ubuntu.”