Patent Risk Advisory Firm RPX Files For An IPO
Defensive patent aggregatorÂ RPX filed an S-1 form with the SEC Â on Friday, stating its intention to go public. According to the form, RPX is looking to sell up to $100 million of its shares in an IPO underwritten by Goldman Sachs, Barclays, Allen & Company LLC and others.
Founded by John Amster and Geoffrey Barker, RPX only launched two years ago but it revenues are through the roof at $10 million in profit onÂ $65.2 million in net for the first nine months of 2010. Â It says something about how broken the patent system is that there is so much demand for this sort of patent troll insurance.