Hilton IPO price reported to be $20

|By:, SA News Editor

The buzz on the street is that Hilton Worldwide (HLT) will price its IPO at $20 per share.

The expected range for the hotel operator's public launch was $18 to $21.

The IPO is expected to be the 2nd largest of the year amid reports of hot demand.

At Blackstone (BX) it will be the cause for the popping of corks. The Hilton IPO is expected to reap paper profits of $8B to mark the 2nd biggest P-E payday of all time.