NASDAQ — Swarmer, a Ukrainian defense-technology company that makes software that allows groups of drones to coordinate their actions, listed on the Nasdaq earlier this week.

The initial public offering price was $5 per share.

The stock increased by 1,100% over two days since the IPO.

The stock was up 520% from its $5 initial-public-offering price as of Tuesday.

The stock was up 100% in Wednesday morning trading.