As the initial public offering (IPO) flood slowed to a trickle, Alder Biopharmaceuticals Inc.'s $80 million deal did little to raise optimism, as the firm priced an upsized number of shares at a lower price to raise an amount far below the $115 million targeted in March, when the company filed to go public. The Bothell, Wash.-based firm hiked the number of shares from 7.2 million to 8 million, selling them at $10 each, under the projected $13-to-$15 range. (See BioWorld Today, March 20, 2014.)