Drone Maker Airo Jumps 140% in Latest Post-IPO Debut Pop

Airo Group Holdings Inc. shares climbed 140% 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 of as much as 291%, triggering volatility halts several times, to finish the day at $24 each on Friday in New York. The aerospace and defense tech firm on Thursday upsized its IPO to 6 million shares and priced the deal at $10 per share, below the marketed range of $14 to $16 apiece.