Why Is RPX Going Public? Ask Willie Sutton

Last week, we learned that RPX Corporation (which stands for “Rational Patent Exchange) will soon have an IPO, offering up to $100 M worth of stock to the public. A lot has been written by bloggers and journalists, referring to RPX as  Defensive Patent Acquirer, Defensive Aggregator, and Patent Risk Manager.  Others explain that RPX is going to profit by “fixing the patent mess.” No description is more puzzling than the description “Patent Troll Insurer.”  Maureen O’Gara writes that RPX is “apparently making a killing selling patent troll insurance.”  Techrights takes a different view, describing the organization as a cartel.