Flex Pharma to price IPO of 4,615,000 shares between $12.00 and $14.00

Company to sell stock through bookrunners Jefferies and Piper Jaffray

By Devika Patel

Knoxville, Tenn., Jan. 20 – Flex Pharma, Inc. will sell 4,615,000 common shares in its initial public offering with a 30-day greenshoe option of 692,250 additional shares, according to a Form S-1/A filed Tuesday with the Securities and Exchange Commission. The deal was announced Dec. 29.

The shares will be sold at a price expected to fall between $12.00 and $14.00 per share.

Jefferies and Piper Jaffray are the bookrunning managers. JMP Securities is the lead manager and Cantor Fitzgerald & Co. and Roth Capital Partners are the co-managers.

Proceeds will be used for research and development, sales and marketing, working capital and general corporate purposes.

The biotechnology company is based in Boston. The company’s expects its shares will trade on the Nasdaq under the symbol “FLKS.”

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