Hilton Worldwide goes public with $2.35-billion share sale

20 December 2013

Hilton Wordwide has raised $2.35 billion via a share sell, which will allow the group to pay down debt. The sale represents the second-largest listing in the US in 2013.

The US hotel giant sold 117.6 million shares at $20 each in the offering on the New York Stock Exchange, which marks Hilton's return to a public listing after its acquisition by Blackstone Group for $26.7 billion in October 2007.

City analysts suggest the IPO is well-timed, with global markets showing signs of recovery, giving the travel industry a boost. A surge in room rates and occupancy levels means the amount raised by the flotation is almost double the $1.25 billion Hilton had indicated it would raise in September.

Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.