Phillips Edison & Company has filed to raise $502 million in a U.S. IPO of its common stock. The firm owns and operates grocery-anchored neighborhood shopping centers in the U.S. as a REIT.
According to a 2020 research report by Kidder Mathews, shopping centers have been affected by the rise in e-commerce activity but the expected fall in demand for space has generally been mild, COVID-19 pandemic notwithstanding.
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