Monday, April 18, 2011

RPX Sets Pricing Range For IPO

San Francisco-based RPX said Monday in a filing that it expects that its IPO will debut between $16.88 and $18.00 per share. The firm is hoping to trade on the Nasdaq Global Market as RPXC. The firm says it will offer $7.3 million shares of its stock in its offering. RPX filed for its IPO in January. RPX is venture backed by Index Ventures, Charles River Ventures, and Kleiner Perkins Caufield & Byers. RPX is a provider of patent aggregation services, aimed at reducing patent related risk and expenses.