Defense tech firm Lyntris seeks $2.5 billion US IPO

Lyntris Inc., a U.S. maker of military sensor systems, is looking to raise $528 million in a US initial public offering that would value the company at about $2.53 billion, according to a filing on Monday with the U.S. SEC.

The stock is set to go live on the New York Stock Exchange under the ticker LYNX.

Shares are up to $22 on the NYSE

The shares up for sale are a combination of new and existing stock. Lyntris itself is putting up 4.9 million shares, while selling shareholders, of which include private equity firm Trive Capital, are offering another 19.1 million worth of shares.

Initial prices range from $19 to $22 per share, and the very top of that price band is what produces the about $2.53 billion market value.

Evercore, Citigroup and Guggenheim Securities are in charge of the IPO, according to the SEC filing. Lyntris has said it intends to put part of the proceeds toward retiring almost $60 million of debt. The company confirmed the launch in a press release.

 Revenue increases are entwined with higher losses

Lyntris’ business continues to expand its top line and rake in cash while also losing money. For the first six months of the year till June 30, Lyntris saw $241 million in revenue alongside a net loss of $13 million. In the first half of 2025, revenue was $179.1 million while net loss stood at $9.7 million.

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