Allot Prices IPO Above Range

Allot Communications Ltd., an Israel-based provider of broadband service optimization solutions using DPI technology, priced 6.5 million ordinary shares at $12 per share ($9-$11 forecast), for an IPO take of approximately $78 million. It will trade on the Nasdaq under ticker symbol ALLT, while Lehman Brothers and Deutsche Bank Securities served as co-lead underwriters. Allot had raised nearly $26 million in VC funding from firms like Tamir Fishman Ventures, Gemini Capital, Genesis Partners, Partech International and Jerusalem Venture Partners. www.allot.com