>Chatham Lodging raises $150 million in IPO

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>NEW YORK — Chatham Lodging Trust priced 7.5 million shares of its initial public offering at $20 each, raising $150 million, the real estate investment trust said late Thursday.

Underwriters led by Barclays ( BCS – news – people ) Capital and FBR Capital Markets ( FBCM – news – people ) may purchase another 1.1 million shares, bringing the total raised to $172.5 million.

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