RFID Talk Blog

Impinj seeks to raise $74 million in IPO

RFID service provider Impinj now hopes to raise as much as $74 million through its planned initial public offering, up from $60 million. According to a new filing with the Securities and Exchange Commission, Impinj plans for its stock to be priced between $12 and $14 a share.

RFID intelligence from Impinj enables high inventory accuracy and enhanced consumer engagement.

This is the second go round for Impinj when it comes to the public markets. The Seattle-based provider of RFID technology hardware and software announced plans for a $100 million IPO in April of 2011. Fifteen months later it abandoned those plans and tapped private investors for $21 in additional funding.

Impinj plans to use $5 million of the IPO proceeds to pay down debt. According to its adjusted IPO filing, Impinj expects third quarter revenue of between $25.3 and $26.3 million, compared to $19.1 million for the third quarter of 2015. Impinj’s projected profitability could swing widely, from a gain of $400,000 to a loss of $1.8 million.

Impinj, which sold its 10 billionth chip last year, has worked hard in the last 24 months to reinvent itself as a software firm, rather than an RFID hardware provider. Its mission to be known for item intelligence includes a software offering that delivers enterprise-ready item intelligence solutions that simplify RAIN RFID processes including device management, data processing and tag encoding.

Impinj has raised more than $100 million since it was founded in 2000. The IPO is one wa for investor sto begin to recover their investment.

EmailFacebookTwitterShare

windows 7 key generator

windows 7 key generator

windows 7 activation crack

windows7 activation crack

free winrar

free winrar

free winzip

free winzip

winzip activation code

winzip activation code

winzip freeware

winzip freeware

windows 7 product key

windows 7 product key

windows 7 ultimate product key

windows 7 ultimate product key

winrar free

winrar free

winzip free download

winzip free download

winzip free download full version

winzip free download full version

windows xp product key

windows xp product key

free winrar download

free winrar download

windows 7 crack

windows 7 crack

winzip registration code

winzip registration code

winrar free download

winrar free download

download winrar free

download winrar free

winrar download free

winrar download free