Impinj Sees Surge In IPO

Impinj, the developer of RFID chips and products which has operations in Orange County, saw a surge in its IPO this morning, and was trading around $17.24 in morning trading--up more than 23 percent from its $14.00 per share debut. Impinj priced its IPO last night, selling 4,800,000 shares of its common stock at $14.00 per share last night. The company now trades on the NASDAQ Global Select Market as PI. The company is venture backed by ARCH Venture Partners, Polaris Partners, Madrona Venture Group, Mobius Venture Capital, Intel, GF Private Equity, and AllianceBernstein. The company was initially started by founders split between Orange County and Seattle.