Blackstone-backed shopping center REIT Brixmor files for US IPO that could raise upwards of $700 million


Brixmor Property Group, the second largest owner of US community and neighborhood shopping centers, filed on Thursday with the SEC to raise up to $100 million in an initial public offering, although the amount is likely just a placeholder. We estimate the deal will raise $700 million or more. The New York, NY-based company, which was founded in 2008 and booked $1.4 billion in revenue for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol BRX. BofA Merrill Lynch, Citi, J.P. Morgan and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.

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

Referenced Stocks: BRX

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