The public offering of the Empire State Building is looking likely to proceed, but potential investors should read the fine print. There's a chance the whole Empire State Building I.P.O. could be canceled if a judge supports current shareholders' appeal to stop it, a case that probably won't be heard until the fall. But some of the I.P.O.'s opponents are already thinking about switching sides in the hope that they'll get more for their shares. [NYT; previously]
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