- Hilton Worldwide (HLT) says it plans to sell 112.82M shares of common stock in an offering range of $18 to $21 for its IPO.
- The rich $2.4B valuation is tied to the hotel operator's growth potential in Asia and South America, note analysts.
- The Blackstone (BX)-led IPO is the largest in the history of the hotel industry.
- Amended S-1
at CNBC.com (Nov 11, 2014)