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RPX Plans For IPO Of Up To $100 Mln Of Common Stock

San Francisco, California-based RPX Corp. filed a registration statement with the U.S. Securities and Exchange Commission for its initial public offering of up to $100 million of its common stock. RPX plans to list in the Nasdaq Global Market under the symbol "RPXC".

RPX provide a subscription-based patent risk management solution that facilitates more efficient exchanges of value between owners and users of patents compared to transactions driven by actual or threatened litigation.

As of December 31, 2010, RPX had a client network of 70 members. RPX' client network consists of companies of all sizes, including Cisco Systems, Inc. (CSCO), Google Inc. GOOG), Nokia Corp. (NOK), Panasonic Corp. (PC), Samsung Electronics Co., Ltd. (SSNLF.PK, SSNNF.PK), SAP AG (SAP), Sharp Corp. (SHCAY.PK), Sony Corp. (SNE) and Verizon Communications Inc. (VZ).

Since its inception in July 2008, RPX' revenue has grown from $0.8 million in 2008 to $32.8 million in 2009 and $65.2 million in the first nine months of 2010. RPX attained profitability in 2009, its first full fiscal year of operations.

The company's net income increased from a net loss of $5.2 million in 2008 to net income of $1.9 million in 2009 and $10.0 million in the first nine months of 2010.

RPX intends to use this offering net proceeds for working capital and other general corporate purposes.

Entities affiliated with Index Ventures, Entities affiliated with Charles River Ventures, KPCB Holdings, Inc., John Amster, Geoffrey Barker, Eran Zur are the principal stockholders of the company.

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