Hilton IPO Is Biggest Hotel IPO Ever

Posted: Dec 12 2013, 2:20am CST | by , Updated: Dec 12 2013, 2:43am CST, in Also on the Geek Mind


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Hilton IPO is Biggest Hotel IPO Ever

Hotel company Hilton Worldwide Inc. raised $2.34 billion in its IPO on Wednesday. This marks the biggest Hotel IPO ever.

Hilton went public again yesterday and raked in $2.34 billion in the largest Hotel iPO ever according to Reuters. Six years ago the Blackstone Group took Hilton private. The Hilton stock trades as HLT on the New York Stock Exchange today. Hilton raised more than Twitter last month. The Hilton IPO share price has been set to $20, which is between the range. The IPO was supposed heavily oversubscribed.

Hilton has 4,000 hotels with a stunning 670,000 rooms world-wide. The original Hilton was founded by Conrad Hilton in 1919. The company is now operating under the name Hilton Worldwide.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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