Tuesday, December 19, 2006

Clearwire Re-Files for IPO

Kirkland, Washington-based Clearwire has filed for an IPO, saying today in a filing that it is looking to raise up to $400M in an IPo on the Nasdaq Global Market under the symbol "CLWR". The IPO comes six months after the firm withdrew its previous S-1 filing, shortly after raising $900M from Intel Capital and Motorola Ventures. According to Clearwire, it now has over 188,000 subscribers for its WiMax based wireless services, as of November 30th, and reports $76M in sales for the nine months ending September 30th.