HLT to raise $2.4 billion in U.S. IPO
As per recent reports, it has been unveiled that Hilton Worldwide Holdings Inc. (HLT) is planning to raise as much as $2.4 billion when it comes to the U. S. initial public offering.
Hilton, which is considered to be the world's largest hotel, having more than 4,000 properties, is said to raise the above mentioned amount that is the biggest for a hotel company.
It has been found that it has been planning to sell 64.1 million in total. Blackstone Group LP (BX) has bought the HLT in 2007, is going to initiate the IPO as the lodging chain has refinanced around $13 billion of debt.
A number of measures have bene taken by Hilton Chief Executive Officer Christopher Nassetta. It is said that a meeting is going to place tomorrow, which will be attended by Nassetta and other Hilton executives. It is on December 12 that the price of the IPO will be set and the members who are going to attend the meeting will be travelling places.
Experts were of the view that with passage of time, Hilton is attractive investors as it is showing growth potential when it comes to overseas. "They're growing in Asia, South America and a lot of these emerging markets", said experts.
A 93-year-old man was recently reported missing...Read More