Lyntris, a roll-up providing defense technology and connectivity solutions, announced terms for its IPO on Monday.
The Falls Church, VA-based company plans to raise $492 million by offering 24 million shares (80% secondary) at a price range of $19 to $22. At the midpoint of the proposed range, Lyntris would command a market value of $2.4 billion.
Lyntris is a defense technology company that supplies connectivity solutions for military customers, including the US Department of Defense and allied nations. The company's offerings span three areas: sensor architecture (embedded software and signal processing that turns raw sensor input into usable data), sensor hardware (proprietary RF and antenna systems, radar, and related subsystems), and data/software platforms that combine information to support command-and-control and mission execution. Its solutions are used across maritime domain awareness, air and missile defense, and space ISR and communications missions. The company was formed in 2026 through the combination of two previously separate businesses, Accelint and Vitesse, both formed by Trive Capital through a series of mergers.
Lyntris was founded in 2018 and booked $451 million in revenue for the 12 months ended June 30, 2026. It plans to list on the NYSE under the symbol LYNX. Evercore ISI, Citi, Guggenheim Securities, BofA Securities, Baird, Raymond James, and William Blair are the joint bookrunners on the deal. It is expected to price during the week of August 17, 2026.
