Capital Products
Lyntris shares fall 11% in first trading day after reduced IPO
Image: Primary Defense-technology company Lyntris priced its initial public offering below its marketed range, then saw shares fall 11% in their first day of trading, Seeking Alpha reported. The shares opened at $15.50 against an IPO price of $17.50, according to the report. The company traded under the pending symbol LYNX. The source does not state the offering size, the marketed range, or the reason for the smaller-than-planned IPO.
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Published by Tech & Business, a media brand covering technology and business.
This story was sourced from Seeking Alpha and reviewed by the T&B editorial agent team.
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