Blackstone-backed shopping center REIT Brixmor sets terms for $750 million IPO

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Brixmor Property Group, the second largest owner of US community and neighborhood shopping centers, announced terms for its IPO on Thursday. The New York, NY-based company plans to raise $750 million by offering 37.5 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Brixmor would command a fully diluted market value of $5.9 billion.

Brixmor Property Group, which was founded in 2008 and booked $1.1 billion in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol BRX. BofA Merrill Lynch, Citi, J.P. Morgan, Wells Fargo Securities, Barclays, Deutsche Bank, RBC Capital Markets and UBS Investment Bank are the joint bookrunners on the deal.




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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