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March 7, 2007

Clearwire's public offering at $600 million

Posted by Tricia Duryee at 7:07 PM

Kirkland-based Clearwire raised $600 million today in a highly anticipated public offering, making it the second largest IPO in Washington state's history.

Clearwire exceeded all of its expectations: it sold 24 million shares for $25 apiece, reaching the high end of the expected range of $23 to $25.

The company expected to sell as many as 23 million shares, including an overallotment.

Beginning Thursday, the company's stock will start trading on the Nasdaq under the ticker symbol CLWR.

Check out my Web story -- to be posted soon -- here, as well as another story tomorrow.

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Tricia Duryee
Tricia Duryee
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Kristi Heim
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