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REIT Archstone files for a $100 million US IPO

By Renaissance Capital August 10, 2012, 05:29:59 PM EDT

Archstone Inc, which acquires, develops and manages high-quality apartment communities nationwide, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Englewood, CO-based company, booked $1.2 billion in sales for the 12 months ended 3/31/2012, plans to list on the NYSE under the symbol ASN as a REIT. Citi and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed. Archstone was formed in July, 2012 as the successor to Archstone-Smith Trust, which was a member of the S&P 500 prior to its acquisition by private investors in 2007.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

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