Clearwire Corp.

Kirkland, Wash. • 425-216-7600 •

Exchange and Ticker: Nasdaq: CLWR

Filing Range: 20M shares @ $23.00 to $25.00

Offering Price: $25.00

Close on First Day: $24.62

Offering Size: $600M

Shares Outstanding: 133,325,236

Underwriters: Merrill Lynch/ Morgan Stanley/ JP Morgan

Co-managers: Raymond James & Associates Inc./ Stifel Nicolaus & Co. Inc./ ThinkEquity Partners

Company Counsel: Kirkland & Ellis

Manager Counsel: Simpson Thacher & Bartlett

Auditor: Deloitte & Touche LLP

Market Capitalization on 3/31/07: $2729.17M

Close price at current month end: $20.47


Provides wireless broadband Internet service known as WiMax to consumers and small businesses. Company, founded by Craig McCaw, is utilizing next-generation, non-line-of-sight wireless technology to connect customers to the Internet using radio spectrum, thus eliminating the confines of traditional cable or phone wiring. The tower transmits radio signals from a base site to a small, wireless modem, the size of a paperback book, which easily connects a user’s computer to the Internet. Competitors include Comcast, DirectTV, AT&T, Verizon, Time Warner, Qwest, Wild Blue and Hughes Network Services. Company was formerly known as Flux U.S. Corp.


CIC Partners, Convergent Investors, The Edgewater Funds, Goldman, Sachs & Co., Intel Capital, Liberty Associated Partners, Pharos Capital Group LLC

Source: Thomson Financial