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Global ecommerce host Borderfree files for a $86 million IPO
By: Renaissance Capital
Borderfree, which provides an ecommerce platform for US retailers to market and sell to customers worldwide, filed on Tuesday with the SEC to raise up to $86 million in an initial public offering. The New York, NY-based company, which was founded in 1999 and booked $110 million in sales for the 12 months ended December 31, 2013, plans to list on the NASDAQ under the symbol BRDR. Borderfree initially filed confidentially on July 19, 2013. Credit Suisse and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.