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), Q2 Holdings (QTWO), Paylocity (PCTY) and King Digital, which makes the popular game Candy Crush.

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.

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BRDR Chart

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