Alcobra Ltd. (ADHD) said Tuesday that it has closed its initial public offering of 3.125 million ordinary shares at an initial public offering price of $8.00 per share.
The gross proceeds to Alcobra from the initial public offering were $25 million, 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 the company to cover over-allotments, if any.
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