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Flexion Therapeutics Inc announces closing of initial public offering

Tuesday, 18 Feb 2014 05:00pm EST 

Flexion Therapeutics Inc:Says the closing of its initial public offering of 5,750,000 shares of its common stock at an initial public offering price of $13.00 per share.Says it offered all of the shares of common stock.Says the aggregate net proceeds to Flexion, after underwriting discounts and commissions and estimated offering expenses, are expected to be about $67.3 mln.Says BMO Capital Markets and Wells Fargo Securities, LLC acted as joint book-running managers.Says Needham & Company and Janney Montgomery Scott acted as co-managers.