Tuesday, November 20, 2012 7:19:10 AM
Apartment company Archstone (ASN) says it hopes to raise up to $3.45B in its IPO on the NYSE, which would make it the largest ever commercial real-estate public offering in the U.S. While the Lehman Brothers unit didn't say how many shares it plans to sell, nor at what range, analysts estimate Archstone could be worth as much as $16B. The company plans to organize itself as a REIT
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