Defense tech firm Lyntris targets $2.53 billion valuation in US IPO

Corporate Action

โดย Seeking Alpha·

Summary · why it matters

Defense technology company Lyntris is targeting a valuation of up to $2.53 billion in its US initial public offering. The offering consists of 4,878,049 shares of common stock being offered by Lyntris and 19,121,951 shares of common stock being offered by certain selling stockholders, with an expected price range of $19.00 to $22.00 per share. Lyntris will not receive any proceeds from the sale of shares by the selling stockholders. The company has applied to list its common stock on the New York Stock Exchange under the ticker symbol LYNX. Trive Capital, which holds a 69% stake in Lyntris, plans to distribute its stake to its limited and general partners and will no longer control the firm after the offering.