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By Beth Bacheldor

Impinj to Issue 4.6 Million Shares of Common Stock in IPO Bid

Seattle-based ultrahigh-frequency (UHF) RFID technology company Impinj plans to issue 4.6 million shares of common stock, and the option of nearly 700,000 more to existing investors, according to a July 11 amendment that the company made to a Securities and Exchange Commission (SEC) filing it registered early last month.

On June 2, Impinj registered with the SEC its plans to launch an initial public offering (IPO), indicating its goal of raising $60 million (see Impinj Hopes to Raise $60M From IPO). The company said it had applied to list its common stock on the NASDAQ global market under the symbol "PI," but at the time did not indicate how many shares it expects to issue, or the expected initial per-share offering price.

The amendment reports that Impinj expects to price its IPO between $12 and $14 per share. If all shares sell for $14, the company could raise slightly more than $74 million. At the low end, the firm hopes to raise at least $55.2 million.

Impinj has not yet announced when it plans to go public with the offering.

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