Despite recent market jitters, wireless broadband network operator Clearwire succeeded in pricing 24 million shares (4 million more than expected) at $25 a piece, the top of its proposed $23-$25 range. Clearwire represents by far the largest tech-related IPO of 2007 with gross proceeds from the deal amounting to $600 million. At its $25 offer price, Clearwire commands a fully diluted market capitalization of $4.4 billion. Merrill Lynch, Morgan Stanley and JPMorgan led the IPO underwriting team. The stock is expected to open for trading on Thursday under the symbol "CLWR" on the Nasdaq.
