Seeking Alpha

Empire State Realty Trust prices 71.5M-share IPO at $13

The price represents the low end of Empire State's (ESRT) $13-$15 price range, and is good for a market cap of $3.12B. IPO proceeds total $929.5M. (S-11)

Empire State, which owns the namesake skyscraper, is set to begin trading on the NYSE tomorrow.

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