Blackstone, Davy Stockbrokers' Partnership Will Clean Up On Hilton IPOKieran Ball
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.
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