E-commerce services firm Borderfree jumps after IPO

|By:, SA News Editor

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