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Both RPX Corp and Acacia have seen hundreds of millions of dollars knocked off their market capitalisations since the last week in August. This comes at a time when overall the Nasdaq index, on which they are both quoted, has experienced a slight rise of just over 2%. And RPX and Acacia are not the only IP-based businesses to have seen falls over the same timeframe. Of the other three Nasdaq IP companies this blog follows – Rambus, InterDigital and Tessera – only the last one has made gains.
On the Toronto exchange, meanwhile, Mosaid, whose acquisition by a US private equity firm was recently announced, is up; while WiLan, which had been trying to acquire it, is down. Over in Europe, where publicly-quoted IP-based businesses are few and far between, Scottish patent and trademark attorney firm Murgitroyd has seen its stock price climb slightly.
I looked at the Friday closing prices of all the companies mentioned above and compared them with their closing prices on Friday 26th August. I also tracked the three month percentage rise and falls between 29th August and 25th November. This is what I found:
Select Nasdaq IP-based businesses
• InterDigital closed at $40.70, with a market cap of $1.85 billion. On 26th August it closed on $69.06 per share. From 29th August to 25th November stock fell 41.07%.
• Rambus closed at $7.54, market cap $829.11; 26th August $11.18; stock fell 5.63%.
• RPX Corp closed at $14.56, market cap $686.09 million; 26th August $25.17; stock fell 42.15%.
• Tessera closed at $15.59, market cap $803.39; 26th August $13.77; stock rose 13.22%.
Select Toronto Stock Exchange IP-based businesses
• MOSAID closed at C$45.81, market cap C$545.97; 26th August C$39.94; stock rose 14.55%.
• WiLan closed at C$5.64, market cap C$695.41; 26th August C$6.90; stock fell 18.26%.
Select London AIM IP-based business
IP business, IP finance, IP valuation