adspatz's  Instablog

Send Message
Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
My company:
SEC Live
  • Hilton IPO To Top $2.37B 0 comments
    Dec 2, 2013 11:14 AM | about stocks: HLT, BX

    Originally published at

    Hilton Worldwide, Inc. plans to raise as much as $2.37B in an initial public offering that could be made before the end of the year, which if done before year's end would mark the largest-ever hotel IPO and potentially the second-largest IPO for the year. The hotel chain, which operates in 90 countries, with 4,041 hotels totaling 665,667 rooms, is selling 64.1 million shares priced between $18.00 and $21.00 per share. Should underwriters execute the additional 16.9 million shares authorized, the IPO could top $2.72B. The offering represents around 11.5% of the company and the company has stated it intends to use the proceeds to pay down $1.25B in debt. Blackstone Group (NYSE:BX), which owns Hilton, appears to be taking advantage of a strong IPO market with low interest rates in an effort to cash in on its investments.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: HLT, BX
Back To adspatz's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.