Seeking Alpha

Hilton continues to gain after secondary offering

  • It's another day of gains for Hilton Worldwide (HLT +1.8%) after strong demand for the sale of 90M shares in the company by Blackstone and affiliates, with pricing today being reported at $22.50 each. The underwriters retain an option to buy another 13.5M shares at that price.
  • Ahead of the secondary announcement on Monday afternoon, the stock closed at $22.34.
  • Source: Press release
  • Previously: Blackstone lightening up on Hilton and Brixmor stakes
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