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Impinj Announces Closing of IPO

The company estimates net proceeds from the offering to be approximately $69.2 million.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Impinj, Inc. announced the closing of its initial public offering of 5,520,000 shares of common stock at a price to the public of $14.00 per share, which includes the full exercise of the underwriters’ option to purchase 720,000 additional shares.
 
The company estimates net proceeds from the offering to be approximately $69.2 million, after deducting underwriting discounts and commissions and estimated offering expenses. The shares began trading on the NASDAQ Global Select Market under the ticker symbol “PI” on July 21, 2016.

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