SeaWorld stock surges in 1st day on NYSE SeaWorld Entertainment Inc.'s stock surged in its first day of trading on the New York Stock Exchange. The owner of theme parks famous for water shows featuring killer whales and dolphins jumped $5.29, or 19.6 percent, to $32.29 in afternoon trading, after the company and its backers raised $702 million. More
Fears of an IPO Floodgate in China China's campaign to cut a huge backlog of initial public offerings has failed to deliver. Now there are signs that the authorities could be preparing to reopen the IPO floodgates. More
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NEW YORK (AP) — A legal challenge to an ambitious plan to let the public buy shares in one of New York City's most famous landmarks — the Empire State Building — was cast aside on Tuesday in a ruling by a Manhattan judge.
The ruling stems from a long-running dispute over plans by real estate magnates Peter Malkin and his son Anthony to offer the public shares in their holdings in Manhattan and Connecticut, including the 102-story Empire State Building.
The Empire State Building's controlling investors have said they are close to getting approval of 80 percent of the smaller shareholders for the public offering — the percentage needed to go forward.