Going public just means that the shares will be traded on a public market (stock market) rather than being held privately. So anyone who wants to buy shares can. There are some legal requirements to be publicly traded, largely regarding public disclosure of finances and assets.
The major difference would be that suddenly anyone who wants to have a say in how they are run can buy shares, and if they buy enough shares, they can pressure leadership in to making decisions they would not have otherwise made. also, people buying the shares probably will want to see their shares increase in value, and thus leadership will be pressured to please the stock market hive mind. Potentially it opens them up to a hostile takeover where some outside group buys up enough shares to replaces the leadership with people they want in charge.
Doesn’t going public mean it’d probably stop being open source?
Going public just means that the shares will be traded on a public market (stock market) rather than being held privately. So anyone who wants to buy shares can. There are some legal requirements to be publicly traded, largely regarding public disclosure of finances and assets.
The major difference would be that suddenly anyone who wants to have a say in how they are run can buy shares, and if they buy enough shares, they can pressure leadership in to making decisions they would not have otherwise made. also, people buying the shares probably will want to see their shares increase in value, and thus leadership will be pressured to please the stock market hive mind. Potentially it opens them up to a hostile takeover where some outside group buys up enough shares to replaces the leadership with people they want in charge.
Not necessarily, Red Hat is a public company and their software is open source.
In Canonical’s case, it being open source is an asset, it gives users transparency.
Red hat isn’t a publicly traded company, but they are owned by a publicly traded company (IBM)
OpenSource is different than Free OpenSource