July 23 (Reuters) – Defense technology company Lyntris disclosed a jump in six-month revenue in its filing for a U.S. initial public offering on Thursday.
Private equity firm Trive Capital is Lyntris’ largest shareholder, with a stake of about 69%, according to the filing.
Defense IPOs are gaining traction as geopolitical tensions fuel investor interest, while resilient equity markets and strong demand encourage companies to pursue public listings.
Lyntris provides defense technology that helps the U.S. and allied forces detect threats, make faster decisions and respond with precision.
The Falls Church, Virginia-based firm clocked a net loss of $13 million on revenue of $241 million for the six months ended June 30, compared with a $9.7 million loss on revenue of $179.1 million a year earlier.
The company supported more than 200 U.S. and allied defense programs in 2025, with no single program accounting for more than 7% of revenue.
Lyntris will list on the NYSE under the “LYNX” symbol.
Evercore ISI, Citigroup and Guggenheim Securities are among the underwriters for the offering.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Pooja Desai)
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