Blackstone, Davy Stockbrokers' Partnership Will Clean Up On Hilton IPO

Clients of Ireland’s biggest stockbrokers, Davy, will be celebrating the flotation of hotel group Hilton Worldwide Holdings Inc (NYSE:HLT), in New York this week with a price of around €1.8 billion. Around 150 of its clients put $100 million into The Blackstone Group L.P. (NYSE:BX)’s buyout of Hilton Hotels in 2007 and, based on the latest pre-IPO valuations for the group, that stake could be worth more than twice that now.

exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email and we will get back to you as quick as humanly possible

Saved Articles

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers