Clearwire is once again mulling an IPO. According to SEC documents, the wireless broadband company has filed for a $400 million IPO. Back in May the company also filed for a $400 million IPO, but that was just before the company received a $900 million investment from Intel Capital and Motorola Ventures. Now, five months later, Clearwire has requested the stock ticker symbol CLWR for listing on NASDAQ, but the company has not released how many shares it plans to sell or at what price. Merrill Lynch, Morgan Stanley and JPMorgan are the underwriters for the IPO. Proceeds will go to further spectrum acquisition, network expansion and general corporate purposes, the company said.
The SEC documents also include this tidbit: Clearwire founder, chairman and co-CEO Craig McCaw currently owns 52 percent of the company, while Intel subsidiary Pacific owns a 32 percent stake.
For more on Clearwire's IPO decision:
- take a look at this article from RCR News