ARTICLE | Financial News

Aquinox raises $46.2 million in IPO

March 8, 2014 12:43 AM UTC

Aquinox Pharmaceuticals Inc. (NASDAQ:AQXP) raised $46.2 million in an IPO through the sale of a bumped-up number of shares at the midpoint of its proposed price range. The company sold 4.2 million shares at $11, which values the company at $110.5 million. Last month, Aquinox said it planned to sell 3.7 million shares at $10-$12. Jefferies; Cowen; and Canaccord are underwriters. Aquinox was up $0.95 to $11.95 on its first day of trading Friday. ...