On Thursday, Hilton Worldwide Holdings Inc. shares leaped in initial trading as the company returned to the market as the largest hotel IPO ever.
The Blackstone Group LP (BX) in 2007 bought Hilton Worldwide Holdings Inc. (HLT), the lodging chain. Now it plans to raise as much as $2.4 billion in its U. S. initial public offering, the highest ever for a hotel company.
Hilton Worldwide filed for an initial public offering on Thursday after six years of private-equity ownership. The move is likely to raise up to $1.25 billion. The move was not surprising for many. People familiar with the matter confirmed in August that the McLean-based hotel chain had tapped four banks to take the company public.
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