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Mar 19, 2026 12:01 PM

Swarmer Stock Cools Off After Massive IPO Surge

Swarmer Inc. (NASDAQ:SWMR) shares are lower on Thursday, possibly on profit-taking after the stock rallied during its IPO debut.

Despite the decline, the stock has surged over 800% from its list price of $5.

Shares of Swarmer soared dramatically in their market debut, jumping as much as 700% intraday before closing up 520% at $31, a Bloomberg report noted.

Swarmer IPO Raised $15 Million

Swarmer’s IPO priced at $5 per share, raising about $15 million, with proceeds aimed at hiring and product ...