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Ecommerce IPO Alert: Borderfree, Inc. (Nasdaq: BRDR) Opens Stronger

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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.

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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%.

Investorideas.com Newswire

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.

About Borderfree

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/

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