‘Broke a barrier’ — Swarmer IPO tests Wall Street appetite for Ukrainian defense tech

‘Broke a barrier’ — Swarmer IPO tests Wall Street appetite for Ukrainian defense tech

Ukrainian-American drone AI startup Swarmer made a blockbuster debut on the NASDAQ on March 17, offering a first major test of whether Wall Street is ready to buy into Ukraine's wartime defense tech boom. Initially priced at $5, Swarmer shares closed at $31 on March 17, a 520% first-day jump far above the norm for U.S. IPOs and one of the most dramatic market debuts in recent years. The debut is a major milestone for Ukraine's defense tech secto…