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Lehman's Archstone expects IPO to raise $3.45 billion
November 19, 2012 / 10:52 PM / 5 years ago

Lehman's Archstone expects IPO to raise $3.45 billion

(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

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