La Quinta preps for IPO


La Quinta (LQ) plans to sell 37.2M shares in a price range of $18 to $21.

The indicated price range gives the hotel operator a valuation of $2.57B at the top end.

La Quinta is currently owned by Blackstone (BX) which will retain an ownership stake of around 64% following the IPO if underwriters unload all their shares.

SEC Form S-1

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  • dkostek
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    Ghosts of Peter Lynch
    27 Mar 2014, 09:34 AM Reply Like
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