The share price of Imperial Tobacco Plc's distribution unit, Logista Holdings, jumped 4 per cent following their Monday debut on the Spanish stock exchange, Reuters reported.

In the biggest Initial Public Offering (IPO) in Spain so far this year, Logista's share price reached EUR 13.5 (USD 18.38) half an hour after trading began at 1000 GMT. The shares had been priced at EUR 13, the bottom end of their EUR 12.50 to 15.50 price range, giving the company a value of around EUR 1.73 billion.

Madrid-based Logista was purchased by Imperial six years ago. Imperial is selling 27.3 per cent of the company, but could float as much as 30 per cent, depending on demand, Reuters reported.