Real estate company STAG Industrial Inc said it expects to raise up to $233.8 million in an initial public offering of its common stock, significantly below its earlier estimate of $300 million. The Boston, Massachusetts-based company will offer 13.8 million shares at a price of $15-$17 a share, it said in a regulatory filing. The company expects net proceeds of about $199.1 million from the offering and will use it to buy common units in its operating partnership, it said.
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