Stag Industrial, an industrial real-estate company, is planning to raise around $234 million in an initial public offering (IPO), The Wall Street Journal reports. The real estate company will sell 13.8 million of shares at $15 to $17 per share.

Stag will use the proceeds from the offering to repay its existing debt and for other general corporate purposes. The underwriters of the IPO are BofA Merrill Lynch, JP Morgan and UBS Investment Bank, adds Reuters.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.