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Impinj withdraws $100 million US IPO

By Renaissance Capital,  July 26, 2012, 06:13:59 PM EDT

Impinj, a leading provider of radio-frequency identification solutions used for locating items, withdrew its plans for an initial public offering on Thursday. The Seattle, WA-based company was founded in 2000 and booked $39 million in sales for the 12 months ended March 31, 2011. The company initially filed in April 2011 to raise up to $100 million. Morgan Stanley and J.P. Morgan were set to be the joint bookrunners on the deal.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

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