Friday, January 21, 2011

RPX Files For IPO

San Francisco-based RPX, a patent aggregation service which focuses on helping companies to reduce patent related risk and expenses, has filed for an IPO, saying Friday that it is looking to raise up to $100M in an IPO. The firm has filed to trade on the Nasdaq Global Market under the symbol RPXC. RPX is venture backed by Index Ventures, Charles River Ventures, and Kleiner Perkins Caufield & Byers. The IPO is being underwitten by Goldman, Sachs & Co., Barclays Capital, Allen & Company LLC, Baird, and Cowen and Company. RPX reported net income of $1.9M on revenues of $32.8M for 2009.