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Ocean Tomo Launches IP Stock Index

Law360 (October 23, 2006, 12:00 AM EDT) -- Merchant banking firm Ocean Tomo LLC is launching the first major equity index introduced in the last 35 years based solely on the value of a company’s intellectual property.

The Ocean Tomo 300 Patent Index will launch on Wednesday and will be priced and published by the American Stock Exchange, the company said on Monday.

Ocean Tomo created the index with the goal of having a market index that investors can use that captures the value of a company’s intellectual property, which indices like Dow Jones...
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