University of Cambridge/PA MediaShares in computer firm Raspberry Pi soared as much as 40% after they began trading on the London Stock Exchange.
The Cambridge-based business is known for creating affordable credit card-sized computers designed to boost coding skills among children.
Shares hit 392p in early trading on Tuesday, above the initial public offering (IPO) price of 280p.
Raspberry Pi chief executive Eben Upton said: “The reaction that we have received is a reflection of the world-class team that we have assembled.”
He said it was also because of “the strength of the loyal community with whom we have grown.”
Mr Upton founded the business in 2008 and the first product was released in 2012.
It has since sold more than 60 million of its single-board computers alone.
IPO terms…
