Lehman's Archstone expects IPO to raise $3.45 billion

Mon Nov 19, 2012 10:47pm GMT

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(Reuters) - Archstone Inc, the apartment owner and developer owned by Lehman Brothers Holdings Inc LEHMB.UL, said in an amended regulatory filing that it expects to raise up to $3.45 billion in its initial public offering.

The company had initially filed for an IPO of up to $100 million in August.

The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees.

(Reporting by Sharanya Hrishikesh in Bangalore; Editing by Joyjeet Das)