Weak Signals from Clearwire IPO

Shares of the WiMAX company founded by Craig McCaw gave back early gains in their first day of public trading

After much hype ahead of its initial public offering, Clearwire (CLWR) gained value early but then lost its gains in its first day of public trading March 8. The Kirkland, (Wash.) company raised $600 million and priced shares at the high end of expectations in spite of a jittery market.

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