Aptinyx Inc. (APTX) Prices 6.4M Share IPO at $16/Sh

Aptinyx Inc. (NASDAQ: APTX), a clinical-stage biopharmaceutical company developing transformative therapies for challenging neurologic disorders, today announced the pricing of its initial public offering of 6,399,999 shares of its common stock at a public offering price of $16.00 per share. All of the shares are being offered by Aptinyx. In addition, Aptinyx has granted the underwriters a 30-day option to purchase 959,999 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions.

The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses payable by Aptinyx, are expected to be approximately $102.4 million, excluding any proceeds from the exercise of the underwriters' option to purchase additional shares. Aptinyx's common stock has been approved for listing on The Nasdaq Global Select Market and is expected to begin trading under the ticker symbol "APTX" on June 21, 2018. The proposed offering is expected to close on June 25, 2018, subject to customary closing conditions.

J.P. Morgan, Cowen, Leerink Partners, and BMO Capital Markets are acting as joint book-runners for the offering.

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