403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx
Follow us:
403 Forbidden

403 Forbidden


nginx

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

March 8, 2007 at 10:14 AM

Clearwire’s out of the gate

The Kirkland company that just raised $600 million in its initial public offering last night is trading steady in its first day on the market.

Clearwire is using an emerging technology called WiMax to build a wireless broadband network across the country.

It sold 24 million shares last night for $25 a piece to make $600 million — better than its highest expectations. In addition, the company has granted the underwriters the option to purchase up to an additional 3.6 million shares of Class A stock at $25 to cover over-allotments, if any.

In early trading today, the company’s stock — with the ticker CLWR — jumped to around $28 a share before falling back to $25.

Comments | More in WiMax

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


403 Forbidden

403 Forbidden


nginx
403 Forbidden

403 Forbidden


nginx