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Trive-backed defence tech group Lyntris targets $528m US IPO

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…

  • Trive Capital to cash out portion of Lyntris investment via proposed US IPO
  • Lyntris to issue 4.9 million new shares alongside 19.1 million from Trive and others
  • Company aims to raise up to $528m, potentially achieving $2.53bn market cap

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