Brixmor Property Group, the second largest owner of US community and neighborhood shopping centers, filed on Thursday with the SEC to raise up to $100 million in an initial public offering, although the amount is likely just a placeholder. We estimate the deal will raise $700 million or more. The New York, NY-based company, which was founded in 2008 and booked $1.4 billion in revenue for the 12 months ended March 31, 2013, plans to list on the NYSE under the symbol BRX. BofA Merrill Lynch, Citi, J.P. Morgan and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
