US drone company: stock price up 1000 percent
The stock price of the drone company Swarmer has risen by 1000 percent within two days. It is the strongest value increase of a US stock in a year.
(Image: Zakharchuk/Shutterstock.com)
A US company combining AI and drones has had a remarkable IPO with a strong stock price increase. After an issue price of five US dollars per share, the value has risen by 1000 percent to 55 US dollars within two days (as of March 19, 2:45 PM). It is the strongest stock price increase of a US stock in a year, as Bloomberg reports. The company Swarmer specializes in the production of AI software for drones in combat deployment.
The Swarmer software has already been used in over 100,000 deployments, according to the company. Especially since 2024, it has been used by the Ukrainian armed forces in the defensive war against Russia. Remotely controlled and autonomous drones – whether in the air, on water, or on land – are frequently used for attacks or reconnaissance by both Russian and Ukrainian sides. Swarmer was founded in 2023 in the USA. However, the company now also has branches in Warsaw, Tallinn, and Kyiv.
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Correspondingly successful IPOs are rare, but they can happen. Most recently, the conservative US media company Newsmax recorded a larger increase than Swarmer about a year ago, Bloomberg reports. In the week of the IPO, the stock price rose by 2230 percent. The value of a single share was thus 223 US dollars. Currently, a share of the company is only worth about seven US dollars (as of March 19, 2:45 PM).
(mho)
