Shares in Raspberry Pi Holdings PLC jumped on Tuesday in conditional trading in London ahead of their official stock market listing on Friday.

Shares in the Cambridge, England-based maker of low-cost single board computers and compute modules rose as high as 388.20 pence each Tuesday morning.

This is well above the 280p initial offering price disclosed by Raspberry Pi earlier Tuesday.

At the IPO price, Raspberry Pi would have a market value of around £541.6 million, the company said in a statement. Tuesday’s share price rise implies a market value of around £751 million.

Chief Executive Eben Upton said: ‘The quality of the interactions during the marketing process has underlined our belief that London has the right calibre and sophistication of investor to support growing, ambitious technology businesses such as Raspberry Pi.’

The total offer size of the share sale amounts to £166 million, representing about 31% of the company‘s ordinary shares.

Unconditional trading in Raspberry Pi shares will begin on Friday in London under the ticker ’RPI’.

The listing is a boost for the London Stock Exchange, which has seen a number of high profile departures, and in for particular for the technology sector.

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