Clearwire IPO gearing up but watch out for turbulence

Aaron Pressman

Clearwire, the well-funded broadband wireless company, disclosed the expected valuation for its upcoming IPO in an amended SEC filing this week and the numbers are pretty heady. With a projected per-share price range of $23 to $25, the money-losing creation of cellular pioneer Craig McCaw is looking at an equity market value of almost $4 billion.

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