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Borderfree plans to price initial public offering of its common stock
Credit Suisse and RBC Capital to be bookrunning managers for deal
By Devika Patel
Knoxville, Tenn., Feb. 18 - Borderfree, Inc. will conduct an initial public offering of its common stock with a greenshoe, according to a Form S-1 filed Tuesday with the Securities and Exchange Commission.
Credit Suisse and RBC Capital Markets are the joint bookrunning managers. Pacific Crest Securities is the lead manager, and Canaccord Genuity, William Blair and Needham & Co. are the co-managers.
Proceeds will be used for general corporate purposes.
The New York company operates a technology and services platform to enable U.S. retailers to transact with consumers in more than 100 countries and territories worldwide. The company intends to list its common stock on the Nasdaq stock exchange under the symbol "BRDR."
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