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Impinj, Inc. Launches Follow-On Offering

Offering will include 1,000,000 shares from Impinj, and 2,515,869 shares from certain selling stockholders.

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By: DAVID SAVASTANO

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

Impinj, Inc. announced the launch of a proposed follow-on public offering of 3,515,869 shares of its common stock, which will include 1,000,000 shares to be offered by Impinj and 2,515,869 shares to be offered by certain selling stockholders. Impinj will not receive any proceeds from the sale of the shares by the selling stockholders. In addition, Impinj expects to grant the underwriters a 30-day option to purchase up to an additional 527,380 shares of its common stock.
 
Morgan Stanley, RBC Capital Markets, Pacific Crest Securities, a division of KeyBanc Capital Markets, and Piper Jaffray will act as joint book-running managers for the offering. Needham & Company will act as lead manager and Canaccord Genuity will act as co-manager.

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