Craig McCaw’s Clearwire (CLWR-NASDAQ) is set to bring its WiMAX (wireless broadband) out in what will be a hot IPO. Any trader knows that if the market continues as a crummy market thatIPO’s are generally about as fun to trade as fun is to insuranceseminars. So if we keep sliding or if things get really bad then youcan probably expect a delay or at least a softer pricing than we wouldhave otherwise expected. If it isn’t hot, it’s the market at fault rather than the fault of McCaw or Clearwire. The range is set at $23 to $25 for 20 million shares plus the 3 million in the overallotment. In a static and market-neutral environment you could just plan for this to be above the higher end of the range and maybe even more shares, and this is the one garnering the most attention for most IPO’s on the horizon. Keep in mind that they have already forecast the need to borrow more funds and that they will need to sell stock in the future, but that should be know now. Here is the backgrounder for the deal, and here is the more in depth filing from January 30.
Are You Ahead, or Behind on Retirement?
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
