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Aquinox Pharmaceuticals Inc closes initial public offering

Wednesday, 12 Mar 2014 01:00pm EDT 

Aquinox Pharmaceuticals Inc:closes initial public offering of 4,830,000 shares of its common stock at a public offering price of $11.00, which included 630,000 shares issued upon the exercise in full of the underwriters' option to purchase additional shares.All of the shares of common stock were offered by Aquinox.Aggregate offering price was $53.1 mln, before underwriting discounts, commissions and estimated expenses.Net proceeds from the sale of the shares, after deducting the underwriting discounts, commissions and other estimated offering expenses, will be about $47.0 mn.Jefferies LLC and Cowen and company acted as joint book-running managers and Canaccord Genuity acted as co-manager for the offering. 

Company Quote

19 Dec 2014