3 Rockefeller Center offerings were snapped up.
Rockefeller Center Properties, a newly formed company, offered $750 million worth of common stock, or 37.5 million shares priced at $20 each, to U.S. investors. Offered outside the United States were $335 million of current coupon convertible debentures and $215 million of zero coupon convertible debentures. The common stock closed at $19.75 in New York Stock Exchange composite trading, with 9.7 million shares changing hands. The offerings are part of a Rockefeller family plan to raise money by mortgaging the Rockefeller Center office complex.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.