Fenwick & West represented the underwriters in the $109 million follow-on offering of Impinj, Inc. (NASDAQ: PI), a leading provider and pioneer of RAIN RFID solutions that provide Item Intelligence in retail, pharmaceutical, healthcare, food and beverage, manufacturing and supply chain logistics. Impinj sold 1,527,380 shares of its common stock and the selling stockholders sold 2,515,869 shares of common stock at a price to the public of $27.00 per share.
Morgan Stanley, RBC Capital Markets, Pacific Crest Securities, a division of KeyBanc Capital Markets, and Piper Jaffray acted as joint book-running managers for the offering. Needham & Company acted as lead manager and Canaccord Genuity acted as co-manager.
The Fenwick transaction team included corporate partner Jeffrey Vetter and associates Ran Ben-Tzur, Jennifer Hitchcock, and Amanda Baratz.