Thomson ReutersOctober 30, 2013 09:51
By Tanya Agrawal
(Reuters) - Shares of Brixmor Property Group Inc <BRX.N>, a shopping center company owned by Blackstone Group LP <BX.N>, rose as much as 4 percent in their market debut as investors were drawn to the second-largest U.S. retail real estate company offering.
The REIT raised $825 million on Tuesday after its initial public offering was priced at $20 per share, the mid-point of the range. On Tuesday, Brixmor increased the size of the offering by 10 percent and sold 41.3 million shares.