Swarmer Stock Soars 700% in Biggest US IPO Debut Since Newsmax – Bloomberg
Swarmer Inc. shares skyrocketed as much as 700% on Tuesday, making the artificial intelligence drone software company’s debut the best trading by a US stock since Newsmax Inc.’s blockbuster entry nearly a year ago.
Shares of the Austin, Texas-based firm closed up 520% at $31 on Tuesday. The surge triggered multiple volatility-based trading halts, including one less than a minute after the stock opened and initially dropped more than 10%.
