Why investors are going gaga over a tiny, $35 computer

Investors are eagerly buying shares of a British computer maker that recently went public on the London Stock Exchange. Raspberry Pi stock saw a dramatic increase of up to 40% in early trading, eventually settling at £3.85 ($4.90), which still represents a significant 38% increase from its listing price. Raspberry Pi, known for producing small but powerful computers that fit onto a single board, has sold over 60 million units worldwide. The company plans to use the £166 million ($211 million) raised in its IPO to further develop its products and expand its educational endeavors. The successful debut of Raspberry Pi on the stock market is a positive development for London’s stock market, which has seen a decline in companies choosing to go public there.