【US Stock IPO】Swarmer Supported by AI Drone + Defense Concept　SWMR Surges 5.2x on First Day of Trading　Rallies 44% After Hours

SocialAnxietyStaker · 2026-03-18T04:51:24+00:00

Hong Kong and US IPO markets continue to be active, with AI drone software company Swarmer listing on Nasdaq on Tuesday, with its stock price surging up to 7 times at one point and closing up 5.2 times, with a market value reaching $380 million at its peak, driven by investor interest in drone technology. In addition to Swarmer, US stock market drone and defense stocks such as Kratos Defense and Red Cat have also been in high demand.

SocialAnxietyStaker

2026-03-18 04:51:24

Abstract generation in progress

The Hong Kong IPO market remains hot, and the U.S. new stock market is also booming. Artificial Intelligence (AI) drone software company Swarmer (US: SWMR) debuted on the NASDAQ on Tuesday (17th), soaring to a high of $40, a 7-fold increase, triggering multiple circuit breakers. It closed up 5.2 times at $31, and continued to rise after hours, gaining another 44% to $44.75.

Swarmer has been one of the strongest-performing tech IPOs in recent months. The company issued 3 million shares at $5 each, valuing it at about $60 million at the time. Despite revenue of less than $320,000 and a net loss of $8.5 million, its market cap surged past $380 million. Market analysts believe this was mainly driven by investor interest in drone technology and defense-related stocks.

According to its regulatory filings, since April 2024, its platform has been deployed in Ukraine, executing over 100,000 missions in actual combat environments.

In addition to Swarmer, several drone and defense concept stocks have also gained popularity in the U.S. stock market. For example, Kratos Defense (US: KTOS) has increased about 25% so far this year, roughly doubling over the past year. Red Cat (US: RCAT), which focuses on drone and robotic software systems, has also risen 1.1 times since the beginning of the year.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes