An Agriculture Drone IPO From AgEagle Aerial Systems
Drones are all the rage now, but for retail investors who want in on a piece of that action, there aren't that many ways to invest in this theme. This is mainly because the biggest drone players like DJI Innovations and 3D Robotics are privately held companies. There are some publicly traded drone stocks like Delta Drone (EPA:ALDR), AeroVironment (NASDAQ:AVAV), and Parrot SA (EPA:PARRO). The problem is that 2 trade on foreign exchanges and 1 is more of a play on military drones which have been around for a while. With retail investors lacking for options in pure-play drone stocks, the recent announced IPO of AgEagle should be of interest to drone investors.
Established in 2011 as a joint cooperative effort between founder Bret Chilcott and Kansas State University, AgEagle sold their first agriculture drone in 2013 targeting the "precision agriculture industry". AgEagle originally developed 2 drones which they have now discontinued so they can focus on their new product, the RX-