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.
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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.