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

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Kieran Ball
Published on
Updated on
Blackstone

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. A clean sheet The Hilton flotation is the biggest hotel group flotation of all time and the second biggest flotation of 2013, just behind oil pipeline holding company Plains…

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Kieran is a journalist and copywriter with a track record in excess of 15 years' in advertising, marketing and journalism. My work has appeared in TV, radio, press, online and almost every other conceivable medium. Kieran is based out of Ireland.