Monday, July 11, 2016

Impinj Sets IPO Pricing Range

Seattle-based Impinj, which develops RFID technology, has set the estimated IPO pricing range for its stock at between $12.00 and $14.00 per share, the company disclosed in a filing this morning. The company, which is selling 4,600,000 shares of its common stock on the NASDAQ Global Select Market as "PI", is venture backed by ARCH Venture Partners, Polaris Partners, Madrona Venture Group, Mobius Venture Capital, Intel, GF Private Equity, and AllianceBernstein. The company's IPO is being underwritten by RBC Capital Markets, Pacific Crest Securities, Piper Jaffray, Needham & Company, and Canaccord Genuity.