Trive Capital-backed Lyntris reveals revenue jump in US IPO filing

July 23 (Reuters) - Defense ‌technology ​company ​Lyntris disclosed a jump in six-month revenue in its filing for ‌a U.S. initial public offering on Thursday.

Private ⁠equity firm Trive Capital is Lyntris' largest ‌shareholder, with a stake ‌of about 69%, according to the filing.

Defense IPOs are gaining traction as geopolitical ​tensions fuel investor interest, while resilient equity markets and strong demand encourage ⁠companies to pursue public listings.

Lyntris provides defense technology that ​helps the U.S. and allied forces detect threats, make faster decisions and ​respond with precision.

The Falls ‌Church, Virginia-based firm clocked a net loss of $13 million on revenue ⁠of $241 million for the six months ended June 30, compared with a $9.7 million loss ⁠on revenue of $179.1 million a year earlier.

The company ​supported more than 200 U.S. and allied defense programs in 2025, with no single program accounting ‌for more than 7% of revenue.

Lyntris will list on the NYSE ‌under the "LYNX" symbol.

Evercore ISI, Citigroup and ⁠Guggenheim Securities are ‌among the underwriters ​for the offering.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Pooja ‌Desai)

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