Empire State Realty IPO Priced At $13 Per Share

Mani

Published onOctober 2, 2013

Updated on May 13, 2021

Empire State Realty Trust Inc (NYSE:ESRT) sold its 71.5 million shares at the lower end of its expected range of $13 to $15 per share.

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The IPO caps two years of rancor among the marquee building’s private owners.

Details of the offering

Last month,the real estate investment trust filed to raise at least $1.07 billion on the NYSE Euronext. According to its filing, the company would offer 71.5 million shares for $13 to $15 each. Apart from the marquee Empire State Building, Empire State Realty Trust Inc (NYSE:ESRT) holds an additional 20...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Empire State Realty IPO Priced At $13 Per Share

Details of the offering

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