Credit Suisse and RBC Capital to be the bookrunning managers for deal
By Devika Patel
Knoxville, Tenn., March 21 - Borderfree, Inc. said it priced its $80 million initial public offering of stock with a $12 million greenshoe. The deal was announced Feb. 18.
The company will sell 5 million common shares at $16.00 apiece.
Credit Suisse Securities (USA) LLC and RBC Capital Markets are the joint bookrunning 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."
| Issuer: | Borderfree, Inc.
|
| Issue: | Common stock
|
| Amount: | $80 million
|
| Greenshoe: | $12 million
|
| Shares: | 5 million
|
| Price: | $16.00
|
| Warrants: | No
|
| Bookrunners: | Credit Suisse Securities (USA) LLC and RBC Capital Markets
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| Co-managers: | Canaccord Genuity, William Blair and Needham & Co.
|
| Announcement date: | Feb. 18
|
| Pricing date: | March 21
|
| Stock exchange: | Nasdaq: BRDR
|
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