VC-backed Impinj rolls out IPO


Seattle-based Impinj Inc, a provider of solutions for identifying, locating and authenticating everyday items, has debuted its IPO after pricing its 4.8 million shares at $14 per share. The stock began trading July 21, 2016 on the NASDAQ under the ticker symbol “PI.” RBC Capital Markets, Pacific Crest Securities and Piper Jaffray are serving as lead underwriters. Impinj’s backers included ARCH Venture Partners, Intel Capital, Polaris Partners, Madrona Venture Group and GF Private Equity.

PRESS RELEASE

SEATTLE, Wash., July 20, 2016

Impinj, Inc. (NASDAQ:PI), a leading provider and pioneer of solutions for identifying, locating and authenticating everyday items using RAIN RFID, today announced the pricing of its initial public offering of 4,800,000 shares of common stock at a price to the public of $14.00 per share. In addition, Impinj has granted the underwriters a 30-day option to purchase up to an additional 720,000 shares of common stock. Impinj’s common stock is expected to begin trading on the NASDAQ Global Select Market under the symbol “PI” on July 21, 2016. The offering is expected to close on July 26, 2016, subject to customary closing conditions.

RBC Capital Markets, Pacific Crest Securities, a division of KeyBanc Capital Markets, and Piper Jaffray are acting as joint book-running managers for the offering. Needham & Company is acting as lead manager and Canaccord Genuity is acting as co-manager.

The offering is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained from RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, or by email to [email protected], or by telephone at (877) 822-4089; Pacific Crest Securities, a division of KeyBanc Capital Markets Inc., Attention: Equity Syndicate, 127 Public Square, 4th Floor, Cleveland, Ohio 44114, or by telephone at (800) 859-1783; and Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, Minneapolis, MN 55402, or by email to [email protected], or by telephone at (800) 747-3924.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective on July 20, 2016. Copies of the registration statement, as amended, can be accessed through the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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