A New Defense Stock Is Born: Lyntris IPO Set For Wednesday

A new defense contractor is set to hit the IPO market. On Wednesday, Lyntris (LYNX) goes public in a downsized IPO that saw it raise $297.5 million after its top shareholder, the private equity firm Trive Capital, sold 17 million shares at $17.50 apiece. The stock had originally been marketed between $19 and $22 a share. Shares will begin trading…