Friday, June 3, 2016
Impinj, With Offices In OC, Files For IPO
Impinj, a developer of RFID and other wireless chips which has rseearch offices in Rancho Cordova and Newport Beach, has filed for an IPO, saying in a filing with the SEC that it is looking to raise up to $60M. The company has applied to list 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. Impinj is backed by ARCH Venture Partners, AllianceBernstein, GF Private Equity, Intel Capital, Madrona Venture Capital, Mobius Venture Capital, and Polaris Partners, and had started in Newport Beach in 2000. The IPO is a second try for Impinj; the company had tried for an IPO back in 2011-2012, but later withdrew those plans. Impinj was co-founded by Caltech professor Carver Mead, and had set up offices in Newport Beach in 2004. The company has its headquarters in Seattle.