Borderfree, which provides an ecommerce platform for US retailers to market and sell to customers worldwide, announced terms for its IPO on Tuesday. The New York , NY-based company plans to raise $75 million by offering 5.0 million shares at a price range of $14 to $16. At the midpoint of the proposed range, Borderfree would command a fully diluted market value of $499 million.
Borderfree, which was founded in 1999 and booked $110 million in sales for the fiscal year ended December 31, 2013, plans to list on the NASDAQ under the symbol BRDR. The company initially filed confidentially on July 19, 2013. Credit Suisse and RBC Capital Markets are the joint bookrunners on the deal.
