Blackstone Aims For $901M Payday In Brixmor IPO

Law360, New York (October 18, 2013, 1:21 PM EDT) -- The Blackstone Group LP's Brixmor Property Group Inc. said Thursday it could raise $905.6 million in its initial public offering, valuing the mall owner as high as $6 billion in what is slated to be one of the largest-ever public debuts for a real estate investment trust.

In revised securities filings, Brixmor outlined plans to offer about 12.7 percent of the company's stock — 37.5 million shares — between $19 and $21 a pop, good for $787.5 million if the deal prices on the high end....
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