Alcobra sets IPO range

Alcobra Ltd. (Tel Aviv, Israel) amended its IPO and now plans to sell 1.4 million shares at $10-$12. An $11 price would raise $15 million and value the company at $101.7 million. Aegis Capital is the underwriter. In January, Alcobra proposed to raise up to $17.3 million in the offering. ...