Thursday, April 21, 2011

Impinj Files For IPO

Seattle-based Impinj, the maker of UHF RFID chips, has filed for an IPO, saying it is looking to raise up to $100M on the public markets. The firm's IPO is being underwritten by Morgan Stanley, J.P. Morgan, Needham & Company, Pacific Crest Securities, and Raymond James. Impinj is venture backed by ARCH venture Partners, Madrona Venture Group, Mobius Venture Capital, and Intel Corporation. The firm reported a loss of $10.3M on revenues of $31.79M in 2010.