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NEW YORK CITY-In the second-largest real estate IPO of 2013, Brixmor Property Group raised $825 million Tuesday, excluding overallotment allowances for underwriters, and began trading Wednesday morning on the New York Stock Exchange under the ticker symbol BRX. The shopping center REIT‘s debut, which traded 41.25 million shares at $20 apiece, marks the first of what’s likely to be a new series of publicly traded spinoffs of property companies from the Blackstone Group; its SeaWorld Entertainment unit went public this past spring.

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