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Aquinox Pharmaceuticals Inc prices initial public offering


Friday, 7 Mar 2014 09:00am EST 

Aquinox Pharmaceuticals Inc:Says the pricing of its initial public offering of 4,200,000 shares of its common stock at a public offering price of $11.00 per share for an aggregate offering of $46.2 million, before underwriting discounts, commissions and estimated expenses.All of the shares of common stock are being offered by Aquinox. The Company's common stock has been approved for listing on the NASDAQ Global Market and is expected to begin trading today under the ticker symbol AQXP.In addition, Aquinox has granted the underwriters a 30-day option to purchase up to 630,000 additional shares of common stock at the offering price The offering is expected to close on March 12.Jefferies LLC and Cowen and Company, LLC are acting as joint book-running managers and Canaccord Genuity Inc. is acting as co-manager for the offering.