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Lyntris, a Falls Church, Virginia-based defense technology firm backed by Trive Capital, filed for a U.S. IPO on the NYSE under the ticker LYNX, aiming to raise about $300 million with six-month revenue of $241 million and a net loss of $13 million for the period ended June 30, while serving 200+ defense programs and highlighting no single program dominating revenue. The company markets “sense-to-act” connectivity across sensors, hardware, and software for DoD and allied customers, with Evercore ISI, Citi, Guggenheim Securities and others serving as underwriters.
IEX posted a solid first-quarter performance with double-digit profit growth and revenue rising as volumes held up, while EBITDA margins expanded to among the highest in the sector, signaling resilient momentum in India's power market. The company also disclosed that its subsidiary Indian Gas Exchange has filed for an IPO, offering 22.3% equity shares and prompting IEX to reduce its stake to 25% in line with PNGRB regulations.
