NEW YORK, Dec 3: Hilton Worldwide, one of the world's biggest hotel
firms, plans to raise up to $2.4 billion (£1.4 billion) via a share
sale, according to BBC.
In a filing with the US Securities and Exchange Commission, the firm said it planned to sell 112.8 million shares for between $18 and $21 each in its initial public offering (IPO).
Hilton said it would use money raised from the flotation to pay down debt.
The share sale would mark Hilton's return to a public listing after being acquired by Blackstone Group in 2007.
Blackstone bought the hotel group for $26.7bn in October 2007, taking it private in one of largest buy-outs before the global financial crisis.
Hilton's hotel brands include Conrad, Waldorf Astoria, Doubletree, Embassy Suites, Homewood Suites, Home2Suites, Hilton Garden Inn, Hampton Inn, and Hilton Grand Vacations.
Some analysts said investor interest in share sale was likely to be strong, not least because global markets are showing signs of recovery and helping to lift the travel industry.
In a filing with the US Securities and Exchange Commission, the firm said it planned to sell 112.8 million shares for between $18 and $21 each in its initial public offering (IPO).
Hilton said it would use money raised from the flotation to pay down debt.
The share sale would mark Hilton's return to a public listing after being acquired by Blackstone Group in 2007.
Blackstone bought the hotel group for $26.7bn in October 2007, taking it private in one of largest buy-outs before the global financial crisis.
Hilton's hotel brands include Conrad, Waldorf Astoria, Doubletree, Embassy Suites, Homewood Suites, Home2Suites, Hilton Garden Inn, Hampton Inn, and Hilton Grand Vacations.
Some analysts said investor interest in share sale was likely to be strong, not least because global markets are showing signs of recovery and helping to lift the travel industry.
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