The IPO markets summer slowdown is in full swing, though one sizable IPO issuer is currently scheduled for the week ahead.
Defense tech roll-up Lyntris (LYNX) plans to raise $492 million at a $2.4 billion market cap. Lyntris supplies connectivity solutions for military customers spanning three areas: sensor architecture, sensor hardware, 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’s backlog reached $923 million as of 6/3/26, more than doubling year over year. It will be levered post-IPO.
| U.S. IPO Calendar | |||
|---|---|---|---|
| Issuer Business | Deal Size Market Cap | Price Range Shares Filed | Top Bookrunners |
| Lyntris (LYNX) Falls Church, VA | $492M $2,360M | $19 - $22 24,000,000 | Evercore ISI Citi |
| Roll-up providing defense technology and connectivity solutions. | |||
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Street research is expected for one company in the week ahead, and three lock-up periods will be expiring. View Street research and lock-up expiration dates on the Master Calendar (IPO Pro only).
IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 8/13/2026, the Renaissance IPO Index was up 25.6% year-to-date, while the S&P 500 was up 14.7%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include CoreWeave (CRWV) and Astera Labs (ALAB). The Renaissance International IPO Index was up 41.1% year-to-date, while the ACWX was up 17.4%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Galderma and CATL.
