Empire State Building owner, Potbelly going public

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Associated Press

Posted on September 27, 2013 at 3:01 PM

Updated Friday, Sep 27 at 4:01 PM

NEW YORK (AP) — Starting next week, you could own a piece of the Empire State Building.

Or, if iconic New York skyscrapers aren't your thing, you could bite into Potbelly, a sandwich chain with more than 280 shops.

Next week, these and two more companies with familiar names — the owner of budget-friendly clothing store chain Burlington Coat Factory and Re/Max, one of the country's largest real estate agencies — are expected to sell shares in initial public offerings.

A surging stock market is drawing investors to IPOs. This past week, 12 companies went public. Data provider Dealogic says that's the most in one week since November 2007. And IPO research firm Renaissance Capital says there have been 151 IPOs in the U.S. this year, up 47 percent from a year ago.

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