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Tag, you're it! RFID company Impinj re-files for a $60 million IPO

June 2, 2016

Impinj, a leading provider of radio-frequency identification solutions used for locating items, filed on Thursday with the SEC to raise up to $60 million in an initial public offering. The company originally filed for a $100 million IPO in 2011 and withdrew in 2012 when it received $22 million from private investors.

The Seattle, WA-based company was founded in 2000 and booked $84 million in sales for the 12 months ended March 31, 2016. It plans to list on the Nasdaq under the symbol PI. RBC Capital Markets, Pacific Crest and Piper Jaffray are the joint bookrunners on the deal. No pricing terms were disclosed.