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Aquinox to price initial public stock sale between $10.00 and $12.00
Jefferies and Cowen will be the joint bookrunning managers for deal
By Devika Patel
Knoxville, Tenn., Feb. 28 - Aquinox Pharmaceuticals, Inc. will sell 3.7 million common shares in its initial public offering with a 30-day greenshoe, according to a Form S-1/A filed Friday with the Securities and Exchange Commission. The deal was announced Jan. 28.
The shares will be sold at a price expected to fall between $10.00 and $12.00 per share.
Jefferies and Cowen and Co. are the joint bookrunning managers. Canaccord Genuity is the co-manager.
Proceeds will be used for clinical trials, toxicology studies, large batch manufacturing and process development, to advance products through preclinical development and for working capital, capital expenditures and other general corporate purposes.
The clinical-stage pharmaceutical company is based in Vancouver, B.C. It intends to list its common stock on the Nasdaq under the symbol "AQXP."
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