Reuters: Global Markets: Blackstone-controlled Brixmor's shares rise 4 percent in debut

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Blackstone-controlled Brixmor's shares rise 4 percent in debut Oct 30th 2013, 14:01 Wed Oct 30, 2013 10:01am EDT (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, valuing the real estate investment trust at about $6.1 billion. The REIT raised $825 million on Tuesday after its initial public offering was priced at $20 per share, the mid-point of the range. Brixmor sold 41.3 million shares in the offering. The company's shares were trading at $20.69 at 09:47 a.m. ET on the New York Stock Exchange on Wednesday.

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