Ecommerce IPO Alert: Borderfree, Inc. (Nasdaq: BRDR) Opens Stronger
Ideas get bigger when you share them...
New York, NY - Point Roberts, WA - March 21, 2014 (www.investorideas.com newswire) Investorideas.com, a global financial and business news source covering leading sectors including tech and ecommerce issues an IPO for Borderfree, Inc. (Nasdaq: BRDR), a cross-border ecommerce solutions company.
The initial public offering of 5,000,000 shares of common stock was priced to the public of $16.00 per share. In addition, Borderfree has granted the underwriters a 30-day option to purchase up to an additional 750,000 shares to cover over-allotments, if any.
The stock is currently trading at $19.61 Up $3.61 or 22.56%.
Credit Suisse and RBC Capital Markets, served as joint book-running managers for the offering. Pacific Crest Securities, Canaccord Genuity, William Blair, and Needham & Company were co-managers for the offering.
New York City-based Borderfree is a market leader in international cross-border ecommerce solutions, operating a technology and services platform that enables U.S. retailers to transact with customers in more than 100 countries and territories and more than 60 currencies worldwide. Borderfree manages all aspects of the international shopping experience including: site localization, multi-currency pricing, payment processing, fraud management, landed cost calculation, customs clearance and brokerage, and global logistics services while maintaining the integrity of its customers’brands and the consumer experience. http://www.borderfree.com/
InvestorIdeas.com is a global news source for investors following leading business sectors including biotech, tech, mining, mobile, energy, water, defense and security, renewable energy, food and beverage stocks and Latin American stocks.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Follow Investorideas.com News on Linkedin.com/today at http://www.linkedin.com/today/investorideas.com
Sign up for our free news alerts
Become an Investorideas.com Member and use our online stock directories to research stocks - biotech, waters stocks, renewable energy, tech, mobile, mining stocks and more… http://www.investorideas.com/membership/
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
800-665-0411 - Source - www.Investorideas.com