Impinj withdraws $100 million US IPO

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.