Mynaric AG (MYNA) IPO Opens Higher

Today's IPO for Mynaric AG (NASDAQ: MYNA) opened for trading at $19.90 after pricing 4,000,000 American Depositary Shares at $16.50.

Credit Suisse and Jefferies are acting as lead joint book-running managers for the offering. Canaccord Genuity is acting as book-runner for the offering.

Mynaric AG is a leading developer and manufacturer of high-speed and high-security laser communication products for aeronautical and space applications in government and commercial markets.

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