Hilton's (HLT) Jumps on Successful IPO
Written by: Keris Alison Lahiff
Tickers in this article:
H HLT HOT IHG MAR TWTR
NEW YORK (TheStreet) -- Hilton Worldwide Holdings
(HLT) was warmly embraced on its return to the New York Stock Exchange
Thursday as shares were jumping 8.1% to $21.62. The hotel chain pulled $2.35 billion in funds from its offering of 117.6 million shares for $20 each. Total capital raised managed to beat Twitter
November IPO by $250 million.
The company returned to the market following a five-year hiatus. In 2007, Blackstone Group, took the Virginia-based hotel chain private.
Rival hotel chains were trading higher on the successful IPO. Hyatt Hotels
added 0.43% to $46.84, while Starwood Hotels & Resorts
popped 1.5% to $73.27. Meanwhile, Marriott International
and InterContinental Hotels Group
were slightly off, down 0.32 and 0.35%, respectively.
--Written by Keris Alison Lahiff.