Clearwire Raises $600 M in IPO

Wall Street gave a thumbs-up to the WiMAX strategy of Craig McCaw and Clearwire Thursday, as the company (ticker symbol CLWR) was finally able to go public at the high end of its $23-25 expected pricing. The stock opened at $27.25 per share, then dropped and leveled off around $25. Intel and Motorola, two big investors in Clearwire, will own 29 percent and 10 percent of the company, respectively.