India, Aug. 10 -- Lyntris, Inc., a defense technology company, announced Monday the commencement of its initial public offering of 24 million shares of its common stock.
The initial public offering price is expected to be between $19.00 and $22.00 per share. Lyntris has applied to list its common stock on the New York Stock Exchange under the ticker symbol "LYNX".
The offering consists of 4.88 million shares of common stock being offered by Lyntris and 19.12 million shares of common stock being offered by certain selling stockholders. Lyntris will not receive any proceeds from any sale of shares by the selling stockholders.
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The selling stockholders also...