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Empire State Building to Be Sold to Public - Yahoo


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2013 Sep 20, 8:07pm   561 views  0 comments

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http://gma.yahoo.com/empire-state-building-sold-public-124302023--abc-news-topstories.html

Shares in the Empire State Building will go on sale to the public in an IPO valued at $1.07 billion, according to a Security and Exchange Commission filing. Empire State Realty Trust Inc. will be one of the biggest initial public offerings of a U.S. real estate investment trust. The REIT shares will be priced at $13 to $15 each, according to a regulatory filing, and trade on Oct. 1 on the New York Stock Exchange under the symbol ESRT. The decision to IPO the building ended a dispute between two groups of owners of the iconic 102-story tower. One...

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