Borderfree Announces Closing of Initial Public Offering and Exercise of Underwriters' Option to Purchase Additional Shares

NEW YORK, April 7, 2014 (GLOBE NEWSWIRE) -- Borderfree, Inc. (Nasdaq: BRDR) today announced it has closed its previously announced initial public offering of 5,750,000 shares of common stock at a price to the public of $16.00 per share, which included 750,000 shares purchased from the company upon the exercise in full of the underwriters' option to purchase additional shares.

Credit Suisse and RBC Capital Markets, acted as joint book-running managers for the offering. Pacific Crest Securities, Canaccord Genuity, William Blair, and Needham & Company were co-managers for the offering.

This offering was made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained, when available, from Credit Suisse Securities (USA) LLC, Prospectus Department, at Eleven Madison Avenue, Level 1B, New York, New York 10010, and by phone at (800) 221-1037 or by emailing [email protected]; or RBC Capital Markets, Attention: Prospectus Department, Three World Financial Center, 200 Vesey Street 8th Floor, New York, NY 10281, telephone, (877) 822-4089.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

CONTACT: Investor Relations:
         Denise Garcia
         ICR
         (203) 682-8335
         [email protected]

         Media Relations:
         Jennifer Raezer
         Borderfree
         (646) 588-2731
         [email protected]

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