Baird served as a co-manager in this offering
AboutRPX Corporation (“RPX” or the “Company”) (Nasdaq: RPXC) recently completed a follow-on offering of 3,450,000 shares of its common stock at a price of $20.49 per share, generating gross proceeds of approximately $70.7 million. Shares in the offering were sold by the Company and selling shareholders, including the Company’s employees. The Company intends to use the net proceeds from the offering for working capital and other general corporate purposes.
RPX helps companies reduce patent-related risk and expense by providing 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. The core of RPX’s solution is defensive patent aggregation, in which the Company acquires patents or licenses to patents that are being or may be asserted against current and prospective clients. RPX then licenses these patent assets to its clients to protect them from potential patent infringement assertions. RPX has not asserted and will not assert its patents, which enables the Company to develop strong and trusted relationships with its clients. The Company also provides clients access to its proprietary patent market intelligence and data. As of June 30, 2011, RPX had a client network of 96 members, including Cisco Systems, Google, Nokia, Panasonic, Samsung, SAP, Sharp, Sony and Verizon.
In May 2011, Baird served as a co-manager on RPX’s initial public offering.
For additional information about this transaction, please contact:
- September 2011
- RPX Corporation
- Technology & Services
- Target Location
- North America
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