https://www.live-feeds.com/feed/a-new-defense-stock-is-born-lyntris-ipo-set-for-wednesdayContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/a-new-defense-stock-is-born-lyntris-ipo-set-for-wednesdayhttps://www.live-feeds.com/feed/a-new-defense-stock-is-born-lyntris-ipo-set-for-wednesday#u46007Fri, 21 Aug 2026 21:35:34 +0000Defense-tech firm Lyntris (NYSE: LYNX) saw its share price plunge 11% after debuting below its target price. The company raised $297.5 million in a downsized initial public offering. Despite the market decline, Lyntris entered the public market with a reported defense backlog of $924 million. Underwriters now hold a 30-day option to purchase up to 2.6 million additional shares from certain selling stockholders.Why it mattersThe company's debut occurred amid general market jitters. As a defense contractor, its valuation is tied to its ability to execute its existing contract backlog.What i