Defence technology company Lyntris is targeting a US initial public offering that could raise up to $528m, providing private equity backer Trive Capital with an opportunity to sell down part of its investment amid strong public-market demand for defence companies, according to a report by Bloomberg.
Lyntris plans to issue approximately 4.9 million new shares, while existing shareholders, including Trive, are offering around 19.1 million shares, according to a filing with the US Securities and Ex...
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