Wednesday, May 4, 2011

RPX IPO Debuts On Market

San Francisco-based RPX, which provides a defensive patent licensing service, has debuted on the market today, raising $159.6M in its IPO. The firm sold 8.4 million shares of its common stock at $19.00 per share. The pricing was above earlier estimates of $16 to $18 per share. RPX is now trading on the Nasdaq Global Market as RPXC. RPX is venture backed by Index Ventures, Charles River Ventures, and Kleiner Perkins Caufield & Byers.