The debut of Brixmor Property Group Inc. is adding fuel to what is already the biggest year for U.S. real estate initial public offerings in almost a decade.
The No. 2 U.S. shopping-center landlord, owned by Blackstone Group LP, is set to raise as much as $905.6 million including extra shares for underwriters, potentially surpassing Simon Property Group Inc. as the largest-ever IPO of a retail real estate investment trust. Brixmor is offering 37.5 million shares for $19 to $21 each, with an extra 5.6 million for the overallotment, in a deal that was scheduled to price Tuesday.
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