Business

Blackstone Files for Nexus Mall REIT IPO at $3 Billion Value

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The private equity firm’s retail portfolio in the country, which is held through its Nexus Malls unit, could be valued at about $3 billion, according to people familiar with the matter. The real estate investment trust may raise about $500 million in total and be listed as soon as the first quarter of 2023, they said, asking not to be identified as the information is private.



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