The Norman Transcript


September 29, 2013

Empire State Building owner going public



Millions of tourists each year ascend the 102-story Art Deco skyscraper’s heights each year to view the city from its observation deck.

And investors may clamor for shares of Potbelly after the successful IPO of restaurant chain Noodles & Co.

It went public at $18 in June and closed Friday at $44.32.

Here are some of the companies expected go public next week:

— Burlington Stores Inc., which runs about 500 stores in the U.S., expects to offer 13.3 million shares priced between $14 and $16 each, which would raise up to $213 million.

It will trade under the ticker symbol “BURL.”

Besides the Burlington Coat Factory, the Burlington, N.J.-based company also owns the Cohoes and MJM Designer Shoes stores.

— Empire State Realty Trust Inc., the real estate investment trust behind the Empire State Building, also manages other office buildings in the New York City area.

It expects to offer 71.5 million shares priced between $13 and $15 each, with the ticker symbol “ESB.” It could raise up to $1 billion.

— Potbelly Corp., the Chicago-based toasted sandwich chain, expects to offer 7.5 million shares between $9 and $11 each and raise up to $83 million. Its ticker symbol will be ““PBPB.”

— Re/Max Holdings Inc., a real estate broker based in Denver, expects to offer 10 million shares, at up to $21 each, and raise up to $210 million. They would trade under the symbol “RMAX.”

Also on deck for an IPO next week are a methanol producer, OCI Partners LP, seeking to raise as much as $368 million, and a mortgage investment firm, Cherry Hill Mortgage Investment Corp., which hopes to raise about $130 million.

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