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Alcobra Ltd Prices Initial Public Offering Of 3,125,000 Ordinary Shares


Tuesday, 21 May 2013 08:34pm EDT 

Alcobra Ltd announced the pricing of its initial public offering of 3,125,000 ordinary shares at an initial public offering price of $8.00 per share. The gross proceeds to Alcobra from the initial public offering are expected to be $25,000,000 before underwriting discounts and commissions and other offering expenses. Alcobra has granted the representative of the underwriters a 45-day option to purchase up to 458,125 additional ordinary shares from Alcobra to cover over-allotments, if any. The ordinary shares are scheduled to begin trading on The NASDAQ Capital Market on May 22, 2013 under the symbol ADHD. The offering is expected to close on May 28, 2013. Aegis Capital Corp. is acting as sole book-running manager for the offering. Sunrise Securities Corp. and Feltl & Company, Inc are acting as co-managers for the offering. 

Company Quote

0.04
0.0050 +14.29%
2 Jul 2014