Clearwire To Raise $537M In Stock Sale

Washington-based Clearwire is planning to raise about $536.6 million through a share sale.

Washington-based Clearwire is planning to raise about $536.6 million through a share sale, Bloomberg reports. The wireless internet service provider may offer about 108.8 million shares at a proposed maximum price of $4.93. The shareholders selling their shares include Chesapeake Partners and Highbridge International. Previously in December 2010, Clearwire had raised $1.325 billion in bonds and exchangeable notes.

Click here for the story from Bloomberg.