Paramount Group files for IPO

|By:, SA News Editor

Paramount Group has filed to go public in what could be the second-largest U.S. real estate IPO after Hilton Worldwide's last year.

The company will likely be valued at up to $15B and raise approximately $2B.

Expecting to trade on the NYSE under the symbol PGRE, Paramount intends to structure itself as a REIT after the offering.

Previously: Paramount Group considering an IPO