Seeking Alpha

Flexion raises $65M in IPO

  • Flexion Therapeutics (FLXN) has raised $65M in its Nasdaq IPO by selling 5M shares at $13, within the range of $12-14.
  • Flexion, which develops osteoarthritis drugs, has a market cap of $192M.
  • There's also a greenshoe option of 750,000 shares.
  • Flexion's shares are due to start trading today.
  • IPO Previews: Don Dion, IPOdesktop
  • ETF: IPO
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