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Amazon Food Ambitions Spur Little-Known Stock to Best IPO Return

  • Food is holy grail for Impinj, maker of tracking technologies
  • Signs point to involvement with Amazon, analysts say
Bloomberg business news

Why the Amazon-Whole Foods Deal Is a Game Changer Inc.’s deal to buy Whole Foods Markets Inc. was a catastrophe for countless stocks, as concern about market disruption wreaked havoc on retailers and REITs. But for holders of a newly listed technology stock, it’s adding fuel to an already-stellar run.

Impinj Inc., whose so-called radio-frequency identification technology allows users to tag and track data on products, is widely speculated to be part of the Amazon Go automated store experiment. Shares have more than tripled since its initial offering last July, making it the best performer in the Bloomberg IPO Index over the past 12 months.