Goodwin Procter attorneys recently advised Borderfree on its initial public offering of 5,750,000 shares of common stock. Shares priced at $16.00 per share and trading began on Friday, March 21 on the Nasdaq Global Market under ticker “BRDR.”
The underwriting syndicate was led by Credit Suisse and RBC Capital Markets. Pacific Crest Securities, Canaccord Genuity, William Blair, and Needham & Company were co-managers for the offering.
Borderfree provides international cross-border ecommerce solutions. Brands rely on its technology and services platform to expand globally and transact with more than two billion potential customers in more than 100 countries and territories and in more than 60 currencies worldwide. Borderfree handles all aspects of the international order lifecycle, including multi-currency pricing and payment processing, landed-cost calculation, customs clearance and brokerage, global logistics orchestration and international fraud management. The company is headquartered in New York City and has offices in Tel Aviv, Shanghai, Toronto and Dublin.press release announcing the close of the offering.