Lyntris Shares Set to Begin Trading on August 19
Defense technology company Lyntris is set to begin trading its shares under the ticker LYNX on August 19, 2026. The firm was formed by merging two defense companies—Accelint and Vitesse Systems—owned by private equity firm Trive Capital. Through an IPO, Lyntris aims to raise $492 million at a price range of $19–$22 per share for 24 million shares, implying a valuation of around $2.5 billion. Lyntris provides battlefield sensor technology and data fusion solutions across three key mission areas: maritime domain awareness (47% revenue), air and missile defense (29%), and space ISR and communications (24%). In the first half of 2026, it reported $241 million in revenue—a 34.6% increase—and adjusted EBITDA rose nearly 50% to $37.8 million. The company supports over 200 defense programs across U.S. military branches and allied customers with a backlog of $923.9 million, up 112% year-over-year. Its vertically integrated operations include engineering, manufacturing, integration, and testing facilities, enabling rapid prototype-to-production capabilities.
Topics: defense technology IPO stock market