Empire State Realty Trust, which operates 18 commercial properties in midtown Manhattan and greater New York, raised $930 million by offering 71.5 million shares at $13, the low end of the range of $13 to $15. At $13, Empire State Realty's initial dividend of $0.34/share yields 2.6%. Empire State Realty Trust plans to list on the NYSE under the symbol ESRT. Goldman Sachs and BofA Merrill Lynch acted as lead managers on the deal.
