Archstone Seeks $3.45 Billion in U.S. Initial Public Offering
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Archstone Inc., the U.S. apartment landlord that’s owned by the estate of Lehman Brothers Holdings Inc., is seeking as much as $3.45 billion in its initial public offering.
The Englewood, Colorado-based company updated the amount sought in a regulatory filing today from a placeholder of $100 million. The company hasn’t yet specified the number of shares it will sell or the price range, and the amount sought is subject to change.