Timing is Right for Brixmor IPO, But Expect a Discount

Timing is Right for Brixmor IPO, But Expect a Discount

It looks like the Blackstone Group is going ahead with its planned IPO for Brixmor Property Group, with expected gross proceeds of $750 million. Given the shopping center owner’s strong portfolio and potential for growth, it’s likely to attract plenty of investors, according to market analysts. But due to rising interest rates and Brixmor’s reliance on supermarket anchors, those investors will likely expect a built-in discount for Brixmor shares.

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