The Empire State go public at $ 13 per share and raise 929.5 million dollars, Empire State Realty Trust

Empire State Realty Trust, the owner of the mythical background skyscrapers of Manhattan , has already set the price of its IPO to be located in the $ 13 per share , in the lower range of the fork 15 to $ 13 expected market . With public sales operation , the company will raise 929.5 million dollars ( 688 million euros). The debut of the Empire State does not come without problems. Remember that and attempted public offering last year but was forced to postpone it due to the demands of shareholders and tenants. USA 's palsy may delay IPOs . However, these problems were solved in the spring. Now , it is expected that the desire of many investors to own a piece of the historic building product of the Great Depression, the stock market debut a success . Bank of America and Goldman Sachs were the lead underwriters of the deal . With everything going on, it is expected that the actions of the Empire State commence trading at start of the session on Wednesday under the symbol " ESRT " on the Stock Exchange of New York ( NYSE Euronext ) . The building located in the heart of Manhattan opened in 1931 during the Great Depression. With its 102 floors , became as the tallest skyscraper in the world until 1972 . The Empire State Realty Trust owns other buildings in Manhattan and Connecticut. More details of the operation ... The company placed a total of 71.5 million shares of the company , which will begin trading Wednesday on the New York Stock Exchange under the symbol ESRT . Also , Empire State Realty Trust indicated that the placement agents have the option to acquire 10.7 million additional shares at the same price set for the company's market debut . " The net surplus of supply will be about 754.4 million dollars ( 559 million euros) ," the company will allocate these resources to finance operations . The IPO Empire State Realty Trust becomes the second largest in the segment of the REIT , real estate investment vehicles , following the IPO of Douglas Emmett in 2006 , which reached 1,400 million dollars ( 1.037 billion euros).

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una publicación por Agustin Villafane.

una publicación por Agustin Villafane.