The five million shares to be sold in its initial public offering (IPO) will be issued at $9 to $10 each compared to a $13 to $15 range previously announced, according to its regulatory filing.

Spun out from Anglo-Dutch consumer goods conglomerate Unilever in 1995, BAC said its shareholders included Unilever Ventures and family office FF&P Private Equity.

Japan-based social gaming company Mobcast has bought local peer Enter Crews for $7m from shareholders including B Dash Fund, a multi-corporate venture firm backed by NTT and Bigfoot.

The about $50m raised at the mid-price would give the company an initial market capitalisation of about $239m on the Nasdaq stock exchange, according to its latest regulatory filing.

OnLive had previously raised more than $40m from AT&T, HTC and other strategic investors.

Teva still owns a minority stake in Alcobra, Globes added and said former Teva vice-president of innovative ventures, Aharon Schwartz, is now Alcobra's chairman.

In November 2010, RedHill Biopharma, an Israel-based biopharmaceutical company started the year before, raised more than $10m from a consortium including mutual fund manager Fidelity Investments' Biosciences venture capital (VC) team.

RIM bought NewBay for around $100m in October 2011 from venture capital firms.

Axcel has 60% of the shares, with VKR a minority interest.