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Canonical now hopes to IPO in 2023 –

The story of Ubuntu-maker CanonicalThe IPO effort has now been dragging on for several years. I think the first time I talked to company founder Mark Shuttleworth about public outcry was in 2018, although there was already some talk about it. in previous years. But time has never worked for Canonical. Speaking at a press conference ahead of today’s launch of Ubuntu 22.04 LTS, Shuttleworth noted that it now expects to be fully rolled out next year.

“We are on the road to floating business. And now I am very confident that we will do that in 2023,” said Shuttleworth, calling from an undisclosed island off the West African coast. ” committee and our financial operations – the various business sectors – to prepare for that. We are now effectively implementing a very clear program for floating business next year. “

Canonical founder and director Mark Shuttleworth. Copyright: Canonical

He emphasized that Canonical was not in a position to raise money abroad, and that going public with him was not a matter of collecting money. He noted that Canonical’s revenue last year was $ 175 million, and that the biggest challenge now is that the company’s demand is greater than the company’s ability to serve, because the company does not have enough skills to take on it. market.

Copyright: Canonical

“My biggest concern as we go through all this – as we grow the number of friends and move on to becoming a public company with such accountability – is to find a balance between protecting what I think people really like. as well as Ubuntu and Canonical, as well as continuing to promote the responsibilities that I think we currently have in the global technology market. […] We are very committed to the idea that as we grow, we will not do that to the depths or the problems of the line – we will be very careful how we grow. “

Shuttleworth made these comments during a brief report prior to the release of the latest long-term support for Ubuntu. This new version, 22.04 LTS, includes several new features, including Microsoft Azure encryption support, improved graphics for AWS’s Arm-based Graviton machines, desktop support for Raspberry Pi 4 and more.