IPO fever? Not quite

Despite predictions that 2017 would see a surge of real estate companies going public, so far it’s been more talk than action

From the May issue: On the morning of Feb. 10, landlord and investor David Bistricer rang the opening bell of the New York Stock Exchange, where, surrounded by family and colleagues from his firm, Clipper Equity, he ushered in another day of feverish trading. Afterward, Bistricer celebrated over a catered kosher breakfast and toured the historic building.

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Meanwhile, on the trading floor, Clipper — the real estate firm founded in the 1950s by Bistricer’s father — had kicked off a new (and public) era. Two years after disclosing plans to go public, the company debuted on the exchange that chilly February morning under the ticker CLPR and at $13.50 a share.