Hilton Worldwide preps for public debut

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

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