Lintai Seeks Up to $528 Million in U.S. IPO

EVR -3.60% AADX +5.76% AVEX -0.28% HAWK -4.62% YSS -9.30%

1. 1Defense sensor company Lintai (LYNX) and some of its backers are pursuing a U.S. IPO to raise up to $528 million.
2. 2The company is offering 4.9 million shares while shareholders including Tribe Capital are selling 19.1 million shares at $19-$22 per share, putting the top-end market cap at $2.53 billion.
3. 3The listing joins a wave driven by demand for defense equipment, with proceeds earmarked to repay roughly $60 million in debt.

Source Bloomberg · View original ↗

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