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Borderfree (BRDR) Pops on First Trading Day (Update)

Update (4:10 p.m.): Updated with Friday market close information.

NEW YORK (TheStreet) -- Borderfree (BRDR), an e-commerce technology company, priced its initial public offering at $16, the high end of its range, and the stock popped to a high of $21.25 on Friday, its first day of trading.

The New York-based company, which assists U.S. brands and retailers to expand internationally, initially planned to price its IPO in the range of $14 to $16. It sold 5 million shares in the offering at $16 a share to raise $80 million.

The IPO is part of a bundle of tech IPOs slated for this week and next week that include A10 Networks (ATEN - Get Report), Q2 Holdings (QTWO - Get Report), Paylocity (PCTY - Get Report) and King Digital, which makes the popular game Candy Crush.

Must Read: Warren Buffett's 10 Favorite Stocks

More than 4.5 million shares changed hands on Friday, and the stock never dropped below $19 for the day. It closed up 25% to $20.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

BRDR Chart

BRDR data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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BRDR $14.00 0.04%
ATEN $6.01 0.00%
QTWO $23.45 0.00%
PCTY $37.63 0.00%
AAPL $94.19 0.00%


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