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Gazit-Globe prices downsized US IPO

December 14, 2011
GZT

Gazit-Globe, an Israel-based multinational owner and operator of supermarket-anchored shopping centers, raised $81 million by offering 9 million shares at $9.00. The company had originally planned to sell 12 million shares. Gazit-Globe, which is already traded in Tel Aviv under the symbol GLOB, plans to list on the NYSE under the symbol GZT. Citi and Deutsche Bank Securities acted as lead managers on the deal.