Raspberry Pi has seen its share price jump by 14.3% as the firm made its introduction on the London Stock Exchange (LSE).

The Times has reported that by lunchtime trading, shares at the Cambridge-based small computer manufacturer were up by 59 pence, taking them to 471 pence per share.

The rise is the second this week, as the firm launched its initial price offer (IPO) of 280 pence per share on Tuesday.

Overall, the share offering represented 30.7% of the company’s ordinary shares on admission, with the firm stating that it would used the money raised to fund engineering projects, improve its supply chain and other general corporate purposes.

Investment director at AJ Bell, Russ Mould, said: "A key reason why companies float on the stock market is to raise brand awareness and boost their reputation. Being a listed company means the accounts are transparent and everything it does is in full public view. A lot of people like this openness and it can help to drive more business as people often have greater trust in the company.

"Having a successful IPO also raises awareness of a stock among the investment community and Raspberry Pi has been the talk of the town after its stock market debut went off with a bang earlier this week.

"Today marks the first day of unconditional dealing on the market for Raspberry Pi which means investors can buy and sell as they wish without restrictions.

"This trading freedom has seen the stock enjoy another pop, jumping a further 14% to 469p versus a listing price of 280p. That’s a nice return for investors lucky enough to get in at the start. Big demand for the stock meant some retail investors didn’t get everything they wanted in the IPO offer, so they might have come back for more at a higher price, hence why the shares are still motoring higher."

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