Story
Defense Tech Firm Lyntris Files for NYSE IPO Under Ticker 'LYNX'
Summary
Lyntris Inc., a provider of connectivity solutions for military applications, has filed with U.S. regulators for an initial public offering on the New York Stock Exchange.
Defense technology company Lyntris Inc. has formally submitted a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. The Washington-based firm has applied to list its common stock on the New York Stock Exchange under the ticker symbol LYNX.
Filing Details
According to a company press release, the filing was made on a Form S-1, the initial registration required for new securities. Lyntris describes its business as providing advanced connectivity solutions for military applications.
The filing indicates that the IPO will include shares offered by the company as well as by certain existing stockholders. However, the total number of shares to be offered and the anticipated price range for the offering have not yet been determined.
Underwriters and Next Steps
AdA consortium of investment banks is managing the proposed offering. The lead book-running managers are:
- Evercore ISI
- Citigroup
- Guggenheim Securities
BofA Securities is serving as a joint book-running manager, while Baird, Raymond James, and William Blair are also acting as bookrunners. The registration statement has been filed with the SEC but has not yet become effective, meaning the shares cannot be sold to the public at this time.
The completion of the IPO remains subject to market conditions and other factors. The company gave no assurance as to whether or when the offering may be completed, or regarding its final size and terms.
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