Thursday, July 21, 2016

Impinj Sees Bump In IPO

Seattle-based Impinj, a developer of RFID chips and products, had its IPO this morning, seeling 4,800,000 shares of its common stock at $14.00 per share last night, and trading up around 23 percent in morning trading at around $17.27. The company now trades on the NASDAQ Global Select Market as PI. Impinj priced at the high point of its initial estimated trading range of $12.00 to $14.00 per share. The company is venture backed by ARCH Venture Partners, Polaris Partners, Madrona Venture Group, Mobius Venture Capital, Intel, GF Private Equity, and AllianceBernstein.