The company raised about USD 80 million after its offering of 5 million shares was priced at USD 16 each. Borderfree’s shares opened at USD 21 and rose to USD 21.25. Pitango Venture Capital Group is a shareholder in Borderfree that owns a 27% stake, followed by Adams Street Partners, who owns 18%.
Credit Suisse and RBC Capital Markets are among the underwriters for the offering.
Borderfree is an international cross-border ecommerce solutions provider, operating a technology and services platform to expand globally and transact with more than two billion potential customers in more than 100 countries and territories and more than 60 currencies worldwide.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright