Blackstone's Brixmor Pegs IPO At $825M, But Price Could Rise

Law360, New York (October 30, 2013, 1:39 PM EDT) -- Brixmor Property Group Inc. on Tuesday priced its initial public offering at $825 million, a figure that could rise to more than $948 million if underwriters exercise their option for shares of the Blackstone Group LP’s New York City-based shopping center landlord.

The real estate investment trust said it offered 41.25 million shares of its common stock at $20 per share, and granted underwriters Bank of America Merrill Lynch, Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo Securities LLC a 30-day option to buy an...
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