Alcobra prices upsized IPO at $8, below the range


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Alcobra, an Israeli drug company developing a non-stimulant ADHD treatment, raised $25 million by offering 3.1 million shares at $8. The company had planned to offer 2.3 million shares at $10 to $12; total proceeds were $25 million, as expected. Alcobra plans to list on the NASDAQ under the symbol ADHD. Aegis Capital acted as the sole bookrunner on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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