|Home||Internet of Things||Aerospace||Apparel||Energy||Defense||Health Care||Logistics||Manufacturing||Retail|
Impinj Files for Initial Public Offering
The chip manufacturer filed an IPO this week, seeking up to $100 million to pay for debts and fund further research.
Over the past year, revenue grew by 22 percent in North America and South America, which account for 60 percent of the company's total sales; by 176 percent in the Asia-Pacific region; and by 98 percent in Europe, the Middle East and Africa (EMEA).
"Impinj is well-positioned in a high-growth sector with lots of technology innovation," Liard says. If the IPO is successful, he notes, "it would be a validation of the hard work of not just Impinj, but lots of RFID companies."
"When a company tries to go public, it's always a good thing," Liard adds, noting that if the IPO ultimately proves unsuccessful, "I think there's enough energy among [RFID] users and adopters that this will hardly be an end for the market."
Impinj was founded by Chris Diorio, a University of Washington associate professor who is the firm's chairman and CTO, and who won the 2011 RFID Journal Award for Special Achievement, for his work in the development of the UHF EPC Gen 2 RFID standard (see RFID Journal Announces Winners of Its Fifth Annual Awards). In 2006, Impinj became the first company to introduce products based on EPCglobal's UHF Gen 2 standard, and its Monza ICs were the first UHF Gen 2 RFID tag chips. In April 2011, the company released its new Monza 5 chips for speedy item-level encoding with fewer errors (see Impinj Launches Products to Speed Item-Level Encoding). The company has 90 issued and allowed U.S. patents, in addition to 77 pending U.S. patent applications, and uses third-party foundries and subcontractors to manufacture the ICs, as well as contract manufacturers to assemble readers and subsystems
Impinj lists Morgan Stanley, J.P. Morgan, Needham & Co., Pacific Crest Securities and Raymond James as the IPO's underwriters.
Login and post your comment!
Not a member?
Signup for an account now to access all of the features of RFIDJournal.com!
SEND IT YOUR WAY
RFID JOURNAL EVENTS
ASK THE EXPERTS
Simply enter a question for our experts.
|RFID Journal LIVE!||RFID in Health Care||LIVE! LatAm||LIVE! Brasil||LIVE! Europe||RFID Connect||Virtual Events||RFID Journal Awards||Webinars||Presentations|