Lyntris Shares Decline 11% in Trading Debut After Downsized IPO
By EC Assets · Published
Lyntris Inc. shares fell 11% in their first day of trading Wednesday. The defense, technology company experienced a downsized initial public offering. Shares began trading below their marketed range. Lyntris, a defense contractor, sold 17 million shares in its IPO. The stock opened 11% below its list price of $17.50 a share. This information comes from MarketSurge. The company trades under the ticker LYNX. Its initial public offering was priced below the marketed range. Lyntris shares closed their trading debut with an 11% decline. This article is intended for informational purposes only. It does not constitute investment advice.
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