Raspberry Pi Holdings has always been a for-profit company. This isn’t some sort of new news with them going public.

The Raspberry Pi Foundation is a separate organization that has not gone public and continues to operate as a nonprofit. In fact, the IPO was structured to raise some funds for the foundation’s global impact fund.

I am not saying that the IPO is a good thing, in fact I’m pretty certain it isn’t, but it’s worth knowing that Raspberry Pi is two different organizations with two different missions.