Smaller Gazit-Globe (GZT) IPO Trades Slightly Lower
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The IPO for Gazit-Globe (NYSE: GZT) is open for trading. Shares are trading at $8.86 after pricing 9 million shares at $9 per shares. The offering size was cut from 12 million shares.
Citigroup and Deutsche Bank lead the deal with help from Barclays Capital and TD Securities.
Gazit-Globe is one of the largest owners and operators of supermarket-anchored shopping centers. The company's more than 660 properties have a gross leasable area, or GLA, of approximately 75 million square feet and are geographically diversified across 20 countries, including the United States, Canada, Finland, Sweden, Poland, the Czech Republic, Israel, Germany and Brazil.
Citigroup and Deutsche Bank lead the deal with help from Barclays Capital and TD Securities.
Gazit-Globe is one of the largest owners and operators of supermarket-anchored shopping centers. The company's more than 660 properties have a gross leasable area, or GLA, of approximately 75 million square feet and are geographically diversified across 20 countries, including the United States, Canada, Finland, Sweden, Poland, the Czech Republic, Israel, Germany and Brazil.
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