Friday, June 3, 2016

Impinj Files For IPO

Seattle-based Impinj, the developer of RFID and other wireless chips, has filed for an IPO, saying in a filing with the SEC that it is looking to raise up to $60M in an offering on the NASDAQ Global Market as PI. The IPO is being underwritten by RBC Capital Markets, Pacific Crest Securities, Piper Jaffray,Needham & Company, and Cannacord Genuity. Impin is backed by ARCH Venture Partners, AllianceBernstein, GF Private Equity, Intel Capital, Madrona Venture Capital, Mobius Venture Capital, and Polaris Partners. The company said had net income of $900,000 on reveneus of $78.479M in 2015. The IPO is a second try for Impinj; the company had tried for an IPO back in 2011-2012, but later withdrew its plans.