Hilton Worldwide Holdings Inc (HLT) Rose 7 Percent In Its NYSE Debut

HFA Padded
Mani
Published on
Updated on

Hilton Worldwide Holdings Inc (NYSE:HLT) shares rose 7% in their NYSE Euronext (NYSE:NYX) debut on Thursday. The world’s largest hotel operator’s shares opened at $21.30 after Blackstone Group LP company raised over $2.3 billion in the year’s-second biggest IPO. Hilton in largest ever IPO Earlier this month, Hilton Worldwide Holdings Inc (NYSE:HLT) in its regulatory filing indicated that it would price shares between $18 and $21 each. At the higher end of its price range, the hotel chain would be valued at about $32.5 billion including debt. However, Hilton Worldwide Holdings Inc (NYSE:HLT) priced its initial public offering at $20 a share. The IPO…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports