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

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.

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