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3 clusters · 11 sources · 27 days · First seen · Last updated

Lyntris Inc. initial public offering

Overview

Defense technology firm Lyntris Inc. has completed a downsized initial public offering (IPO) on the New York Stock Exchange under the ticker symbol ‘LYNX’.

While the company originally planned to sell 24,000,000 shares with an expected price between $19.00 and $22.00, the final offering was reduced to 17,000,000 shares. These shares were priced at $17.50 each, falling below the initial marketed range. The IPO raised approximately $297.5 million, which the company intends to use for debt repayment and general corporate purposes.

Following its market debut on August 19, Lyntris shares fell by 11%.

Headquartered in Falls Church, Virginia, Lyntris was formed through the combination of Vitesse Systems and Accelint. The firm specializes in battlefield sensors, hardware, and software for military applications, including missile defense and maritime awareness. For the fiscal year ending June 30, 2026, Lyntris reported approximately $451 million in revenue but recorded a net loss of roughly $12 million.

Entities

New York Stock Exchange · U.S. Department of Defense · Lyntris Inc. · Trive Capital · Lyntris

Timeline

  1. 24 days ago

    [BUSINESS] 9 sources
    Lyntris raises $297.5 million in downsized defense tech IPO

    Defense tech firm Lyntris raised $297.5 million in a downsized IPO on the NYSE, though shares fell 11% during their market debut.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Lyntris Inc. announces IPO targeting $2.5 billion valuation

    Defense tech firm Lyntris Inc. has launched an IPO on the NYSE, seeking a $2.53 billion valuation through the sale of 24 million shares.

  3. about 2 months ago

    [BUSINESS] 2 sources
    Lyntris Inc files S‑1 for proposed NYSE IPO under ticker LYNX

    Lyntris Inc., a defense‑tech company, filed a Form S‑1 with the SEC for a proposed NYSE IPO under “LYNX”; share count and price range are unset and the offering awaits market conditions and SEC approval.

Sources

aijourn.com · bitcoinethereumnews.com · businessnewsthisweek.com · businessnewsweek.in · cryptobriefing.com · kitesurf.co · newdiplomatng.com · ohsem.me · onlinemediacafe.com · open4business.com.ua · srnnews.com

This summary has been updated 2 times: see revision history