Knightscope (NASDAQ:KSCP) stock is rocketing higher on Friday following the company’s initial public offering (IPO) yesterday.
Let’s dive into everything investors need to know about Knightscopre following its IPO.
- First off, note that today’s rise in price has shares recovering from a fall yesterday.
- The Knightscope IPO priced shares of KSCP stock at $10 each.
- However, that price quickly dropped following its public debut on Thursday.
- That resulted in the company’s stock sitting at $5.91 when the closing bell rang yesterday.
- Knightscope’s main focus is on Autonomous Security Robots (ASRs).
- These are robots that are able to go on security patrols without the need for a pilot.
- They also offer real-time data and act as a physical presence that can provide information to security teams faster.
- The robots are made in the U.S. and serve customers in the country.
- That includes patrolling parking lots, shopping malls, hospitals, and business campuses.
- There are a variety of models available with cheaper options for customers that don’t require mobility.
- Knightscope claims that its ASRs result in a 46% decrease in reported crime.
- William Li and Stacy Stephens founded the company in 2013.
- The two were inspired by 9/11, as well as the Sandy Hook Elementary School shooting, to create a new type of security for customers.
- A major benefit of the ASRs is their ability to report suspicious activities, as well as scan license plates.
- Trading today has some 5 million shares of KSCP stock changing hands.
KSCP stock is up 53.6% as of Friday afternoon.
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