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Clearwire Announces Pricing of its Initial Public Offering of Common StockKIRKLAND, Wash. (March 8, 2007) - Clearwire Corporation (NASDAQ: CLWR) today announced the pricing of its initial public offering of 24,000,000 shares of its Class A common stock, all of which are being sold by Clearwire at a price to the public of $25.00 per share. Shares of Clearwire Class A common stock will trade on the Nasdaq Global Select Market under the symbol “CLWR.” The company has granted the underwriters in the offering the option to purchase up to an additional 3,600,000 shares of Class A common stock at the initial public offering price to cover over-allotments, if any. The offering was made through an underwriting syndicate led by Merrill Lynch & Co., Morgan Stanley and J.P. Morgan Securities, Inc. as bookrunners. Wachovia Capital Markets, LLC, Bear Stearns & Co. Inc., Citigroup Global Markets Inc., Jeffries & Company, Inc., Raymond James & Associates, Inc., Think Equity Partners LLC and Stifel, Nicolaus & Company Incorporated are acting as co-managers. Copies of the final prospectus relating to the offering may be obtained from: Merrill Lynch & Co., 4 World Financial Center—Prospectus Department, New York, N.Y., 10080; Morgan Stanley & Co. Incorporated, 180 Varick St., New York, N.Y. 10024; or J.P. Morgan National Statement Processing Prospectus Library, 4 Chase Metrotech Center CS Level, Brooklyn, N.Y. 11245. A registration statement relating to these securities was declared effective on March 7, 2007. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About ClearwireClearwire, founded in October 2003 by Craig O. McCaw, is a provider of reliable, wireless high-speed Internet service. Headquartered in Kirkland, Wash., the company launched its first market in August 2004 and now offers service in 35 metro markets, covering more than 350 municipalities in Alaska, California, Florida, Hawaii, Idaho, Minnesota, Nevada, North Carolina, Oregon, Texas, Washington and Wisconsin in the United States, as well as Ireland, Belgium and Denmark (under the Clearwire name through Danske Telecom). Contact Investor Relations |
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