Investors in Impinj may finally have a way to cash out of the company. Impinj announced on Thursday that it is filing for an initial public offering that could raise as much as $100 million. Impinj could be trading by year end, and would be the first North American-based RFID pure play to test public markets.
Impinj was founded in 2000, and has raised more than $150 million from venture capital firms. Much of the IPO proceeds will go to pay off investors, while the company will also invest in product development and expanding the business.
Stay tuned to RFID 24-7 next week for much more on this developing story. For now, check out the Seattle Times article.