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Borderfree Completes IPO

Shares of the company, priced at $16 a share Thursday night, ended their first day of Nasdaq trading up 25 percent to $20 each.

BORDERFREE COMPLETES IPO: Shares of Borderfree Inc., priced at $16 a share Thursday night, ended their first day of Nasdaq trading up 25 percent to $20 each. The shares opened Friday morning at $19.00 and rose as high as $21.25 in intraday trading.

Michael A. DiSimone, chief executive officer, said of going public, “I’m not sure it has sunk in fully yet. It’s been an amazing experience. It’s the end of a very intense run of meetings and end of our road show.”

He said come Monday morning, he’s likely to start checking the stock price regularly, although, “while an absolutely major milestone for the company and a major evolution of the business, it’ll be back to work on Monday. We picked up capital to deploy and have some good ideas. We want to grow our customers’ sales around the world.”

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