#Lyntris #US #IPO
- Lyntris, defensi algyojeul 297.5m iljeo in downsized US IPO
- Lyntris, defensi algyojeul 17m iljeo in 17.5m iljeo per iljeo, compared with the marketed range of $19 to $22.
Background
- Lyntris defensi algyojeul Middle East war iljeo New York iljeo list iljeo since April, as boardrooms look to seize the opportunity created by the Middle East war.
- Lyntris defensi algyojeul battlefield sensors and software for the US and its allies, was involved in over 200 active defense programs as of December 31.
IPO Details
- The listing caps off a robust summer window for the IPO market, when easing volatility and stronger market conditions encouraged companies to move ahead with their plans to go public.
- Lyntris sold about 5.7 million shares in the offering, more than its earlier proposal of about 4.9 million shares, while its existing shareholders reduced their offering by more than 7.8 million shares.
Expert Analysis
- "(Defense) companies need to demonstrate that they can achieve sustainable growth, driven by mission-critical products," said Matt Kennedy, senior strategist at Renaissance Capital.
Financials
- Lyntris's backlog more than doubled to $923.9 million as of June 30 from a year earlier.
- Lyntris will begin trading on the NYSE under the symbol "LYNX" on Wednesday.
