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Defense contractor Lyntris saw shares tumble 14% on its first day of trading on the New York Stock Exchange.

Defense technology firm Lyntris experienced a difficult debut on the New York Stock Exchange on Wednesday. Shares of Lyntris opened at $15.60, falling from its initial IPO price of $17.50. By the end of the day, the stock closed at $15.08, representing a 13.8% decline from its list price. The firm sold 17 million shares during its initial public offering. The New York Stock Exchange provided a market update highlighting the debut of Lyntris under the ticker symbol LYNX. The update also noted that investors are currently awaiting the latest Fed Minutes and reacting to corporate earnings from Target, TJX, and Lowe's. Additionally, the exchange featured insights from INDYCAR driver Marcus Ericsson and LATAM Airlines CFO Ricardo Bottas.

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