#Latest news with #AiroGroupHoldingsBloomberga day agoBusinessBloombergDrone Maker Airo's Shares Rise Up to 291% After Upsized IPOAiro Group Holdings Inc. shares climbed as much as 291% in their public trading debut on Friday after the company raised $60 million in an initial public offering, becoming the third company this month to more than double during its opening session. The stock pared earlier gains to trade at $25.50 each as of 3:40 p.m. on Friday in New York, 155% above its $10 IPO price, and was halted several times for volatility. The aerospace and defense tech firm on Thursday upsized its IPO to 6 million shares and priced the deal below the marketed range of $14 to $16 apiece.
Bloomberga day agoBusinessBloombergDrone Maker Airo's Shares Rise Up to 291% After Upsized IPOAiro Group Holdings Inc. shares climbed as much as 291% in their public trading debut on Friday after the company raised $60 million in an initial public offering, becoming the third company this month to more than double during its opening session. The stock pared earlier gains to trade at $25.50 each as of 3:40 p.m. on Friday in New York, 155% above its $10 IPO price, and was halted several times for volatility. The aerospace and defense tech firm on Thursday upsized its IPO to 6 million shares and priced the deal below the marketed range of $14 to $16 apiece.
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