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.
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.”