Lyntris valued at $1.8 billion after shares fall in New York debut

Lyntris Inc. (NYSE:LYNX) shares fell 11% in their trading debut, opening at $15.50 below the IPO price of $17.50. The defense tech company raised $297.5M in a downsized IPO, pricing 17M shares. Proceeds will repay debt and fund corporate purposes. Underwriters have a 30-day option for additional shares.

Lyntris (LYNX), a defense contractor, is set to go public on Wednesday. The IPO raised $297.5 million at $17.50 per share, down from the initial $19-$22 range. Trive Capital, the top shareholder, sold 17 million shares.

Lyntris (NYSE: LYNX) raised $297.5M in its IPO, selling 17M shares at $17.50 each. LATAM Airlines (NYSE: LTM) reported 28% revenue growth. Target (NYSE: TGT), TJX (NYSE: TJX), and Lowe's (NYSE: LOW) released earnings. Citrotech (NYSE American: CITR) uplisted to NYSE American.

Lyntris (NYSE: LYNX), a defense tech firm, raised $297.5 million in its IPO, selling 17 million shares at $17.50 each. The company will begin trading on the NYSE under the ticker LYNX. Additionally, LATAM Airlines (NYSE: LTM) reported a 28% year-over-year revenue increase in its Q2 earnings, while Target (NYSE: TGT), TJX (NYSE: TJX), and Lowe's (NYSE: LOW) also reported earnings.

Lyntris and shareholders raised $297.5M in a downsized U.S. IPO, pricing 17M shares at $17.50 each, below the $19-$22 range. The defense contractor's IPO included 5.7M shares sold by the company and fewer from existing shareholders. Lyntris, formed by Trive Capital, makes battlefield sensors and software, with a backlog of $923.9M as of June 30. It will begin trading on the NYSE under the symbol 'LYNX'.

Lyntris Inc., a defense technology company, priced its IPO at $17.50 per share for 17 million shares. Trading begins on NYSE under ticker 'LYNX' on August 19, 2026. Proceeds will repay $60M in debt and fund corporate purposes. Underwriters include Evercore ISI, Citigroup, and Guggenheim Securities.