RPX Corp., which acquires and licenses patents to help clients reduce the risk of patent litigation, announced terms for its initial public offering Monday.
The San Francisco-based company said it plans to raise $124 million by offering 7.3 million shares at a price range of $16 to $18.
Founded in 2008, RPX booked $95 million in sales last year and plans to list on the NASDAQ under the symbol RPXC.
The company registered with the Securities and Exchange Commission for an IPO on Jan. 21, saying it planned to raise as much as $100 million but offering no specific pricing information.
Redwood City law firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian is advising RPX Corp. Name partner Robert Gunderson Jr. leads the team, along with partners Bennett Yee and Elizabeth Webb and associates Gregory Volkmar and Yush Lee .
Gibson, Dunn & Crutcher is representing the underwriters, Goldman Sachs & Co. and Barclays Capital. That team includes San Francisco partners Douglas Smith and Stewart McDowell, Palo Alto partners David Kennedy and Stephen Fackler, and San Francisco associates Sean Sullivan and Michael Dell.
RPX General Counsel Marty Roberts is also working on the deal.