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maynoth
September 27th, 2005, 04:14 PM
Anyone here know if you will ever be able to buy stock in Canonical Ltd.?

jim25gr
March 24th, 2008, 03:04 PM
Hello my friend

did you find where and how to buy the stocks?

If you know anything or if you have any questions tell me

Have a good time
regards
Dimitris

Barrucadu
March 24th, 2008, 03:11 PM
You can't buy stock in Canonical. Look at the suffix: "Ltd.". That means that Canonical is a private limited company, and so can't legally trade stock on the stock market.

Forrest Gumpp
March 26th, 2008, 12:08 AM
@Barrucadu

That surprises me. In Australia, the suffix 'Ltd', used on its own denotes a registered public company. Only such public company stock may be traded without restriction on Stock Exchanges. I would have thought the usage would not have been all that different in the UK.

Of course, sometimes public companies are removed from the register, perhaps as a consequence of a takeover having removed some or all stock from the market. One would have to be familiar with the respective rules and national legislation to understand why in any case.

That being said, I have no idea what the trading status of Canonical Ltd is. It would be interesting to know, and especially so in the light of its domicile being the Isle of Man.

Johnsie
March 26th, 2008, 12:29 AM
Probably whatever is best for dodging tax. The Isle of Man has long been known as a base for companies operating close to the UK that want to avoid taxes. IOM isn't actually part of the UK.

mips
March 26th, 2008, 02:20 AM
You can't buy stock in Canonical. Look at the suffix: "Ltd.". That means that Canonical is a private limited company, and so can't legally trade stock on the stock market.

Exactly the same in SA. The company is not publicly listed and therefore you cannot trade any stocks. My experience with companies that get listed is that they go downhill fast as the only thing that matters is shareholder interest. Thats when staff cuts occur etc.

23meg
March 26th, 2008, 03:01 AM
Canonical is privately held and has no plans to go public. A quick web search will reveal multiple interviews where Mark Shuttleworth explains why.

ubuntu-freak
March 26th, 2008, 05:21 AM
Probably whatever is best for dodging tax. The Isle of Man has long been known as a base for companies operating close to the UK that want to avoid taxes. IOM isn't actually part of the UK.


Yeah, we certainly complicate things. It can have laws imposed on it by the UK government, it's not "part of" the UK, just "of" the UK. There was even a town with that status up north because it had a history of interchanging between being Scotish and English. Also, many people in Northern Ireland call themselves British, despite not being part of the British Isles.

Nathan

mips
March 26th, 2008, 02:10 PM
Also, many people in Northern Ireland call themselves British, despite not being part of the British Isles.

Nathan

That I don't get either, the Ireland part tells me it is part of Ireland and not Britain or the UK. There is no Southern Ireland, just Ireland.

wieman01
March 26th, 2008, 02:14 PM
Keep it civil and on topic. 23meg has sufficiently answered the question.

Raven_Oscar
March 26th, 2008, 03:38 PM
As far as I know Ltd (limited liability company) companies are not permitted to go public.At least in accordance to Russian Law they are not allowed to do this.
After brief look at some articles as well as on university notes it seems that in other countries situation is the same.
http://www.businessdictionary.com/definition/private-limited-company.html
http://en.wikipedia.org/wiki/Private_company_limited_by_shares