- La Quinta Holdings has filed to raise up to $100M in an IPO, putting the hotel chain on course to become the third such Blackstone (BX) portfolio company to list its shares.
- La Quinta, which Blackstone bought for $3B in 2006, initially filed for an IPO under the JOBS Act in December.
- In its latest filing, La Quinta didn't say how many shares it would sell, nor at what price. The company manages over 830 mid-price, limited-service hotels with about 80,000 rooms in the U.S., Canada and Mexico.
- La Quinta's flotation would follow those of other Blackstone companies Hilton Worldwide and Extended Stay, both of which enjoyed strong demand. (S-1)
- ETF: IPO
From other sites
at CNBC.com (Jun 3, 2015)
at CNBC.com (Jun 2, 2015)
at CNBC.com (May 22, 2015)
at CNBC.com (Apr 8, 2015)
at CNBC.com (Jan 21, 2015)
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