E-commerce services firm Borderfree jumps after IPO


After pricing its 5M-share IPO at $16 (the top of a $14-$16 range), Borderfree (BRDR) opened at $21 and is currently at $20.20, up 26.3%.

The company, which provides e-commerce services to U.S. retailers looking to go global, has a market cap of $616M (5.6x sales). It had 2013 revenue of $110.5M (+36% Y/Y), and a net loss of $654K.

Prospectus, IPO preview

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Comments (1)
  • cactus jack 65
    , contributor
    Comments (258) | Send Message
     
    This is my first IPO. But got in late @ $20.70
    22 Mar 2014, 09:10 AM Reply Like
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