Oct 30 Shares of Brixmor Property Group Inc , a shopping center company owned by Blackstone Group LP , 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.