Recent IPOs Review: RPX’s Licensing Syndicate with Alcatel-Lucent, Apollo Global Management Earnings

RPX Corp. (NASDAQ:RPXC): Alcatel-Lucent (NYSE:ALU) announced that it will offer access to its worldwide portfolio, which includes approximately 29,000 issued patents, through a licensing syndicate to be formed by RPX Corporation (NASDAQ:RPXC). Alcatel-Lucent’s worldwide patent portfolio is relevant to a broad range of technologies, including fixed line and wireless communications, semiconductors, consumer electronics, multimedia, optical, software, cloud computing, applications and network security. We have chosen to undertake an innovative approach to realizing the value of our world-class patent portfolio, and while retaining ownership of our patents, we seek to expand access to them for a diverse set of industries,” Alcatel-Lucent’s CEO said.

The shares closed at $19.13, up $1.88, or 10.9% on the day. The stock is $0.13 or 0.68% higher than IPO price of $19.00.

Apollo Global Management (NASDAQ:APO): Asset manager Apollo Global Management (NASDAQ:APO) reported lower than expected Q4 total economic net income of 80c after taxes. However, the company’s total assets under management, or AUM, rose 15% quarter-over-quarter to $75B. The growth in total and fee-generating AUM was driven by both organic and strategic growth in Apollo’s capital markets and real estate segment, said the company. On the other hand, the company’s 2011 economic net income was constrained by lower unrealized mark-to-market valuations within its private equity and capital markets segments, Apollo added. In early trading, Apollo dropped 70c, or 4.56%, to $14.64.

The shares closed at $14.40, down $0.94, or 6.13% on the day. The stock is $4.6 or 24.21% lower than IPO price of $19.00.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com