Deals
Blackstone’s Hilton Raises $2.35 Billion in Record Hotel IPO
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Hilton Worldwide Holdings Inc., the world’s biggest hotel operator, raised $2.35 billion in a record initial public offering for a lodging company.
The company and existing shareholders sold about 117.6 million shares for $20 each, according to a statement yesterday. The McLean, Virginia-based company had offered 112.8 million shares for $18 to $21 apiece.