The Hilton hotel chain goes public. It has promised $ 2.4 billion since the stock subscription
Hilton, which operates 4,041 hotels with 665,000 rooms, wants to return to the stock market. She left the public market in 2007. Shares within the primary pool will offer in the range of $ 18 to $ 21
The American company Hilton Worldwide, which operates the Hilton hotel network, will receive up to $ 2.37 billion (48 billion crowns) from the sale of shares in public primary issues. The company said this in a document for the US Securities and Exchange Commission.
Hilton Wordwide plans to issue 112.8 million shares. The company set an approximate price range at $ 18 to $ 21 per event. The company asked the SEC to go public in September, but then expected revenue of $ 1.25 billion.
The company is owned by Blackstone Group, which acquired Hilton Worldwide in 2007 for $ 26.7 billion and withdrew its shares from the public market. Before the global financial crisis, this was one of the largest cases of a buyout of a private equity fund company for borrowed money.
In 1919, Hilton founded the businessman Conrad Hilton. Its brands include the Waldorf Astoria Hotels & Resorts, Conrad, Home2Suites and Hilton Garden Inn. Hilton Worldwide has 4,041 hotels, resorts and other real estate with 665,667 rooms in ninety countries, including Prague.