Initial public offering hologram, night panoramic city view of Bangkok. The financial center for multinational corporations in Asia. The concept of boosting the growth by IPO process. Double exposure.

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SKYX Platforms (NASDAQ:SKYX), formerly known as SQL Technologies, saw its stock rally 75% after Benchmark reportedly initiated coverage of the smart building technology provider with a buy rating and a price target of $15.

Shares of SKYK most recently changed hands at $7.30, up 75%, at approximately 1:10 p.m. ET.

SKYX held an upsized initial public offering on Feb. 10, pricing 1.65M shares at $14 per share to raise around $23M.

The company changed its name from SQL Technologies to SKYX Platforms in June, which it said better reflected its business model and patented smart platform technologies for residential and commercial buildings.

For more IPO news, check out SA’s IPO News page.

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