Hilton Returning As A Public Company (IPO Done)

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The price of Hilton’s shares was set yesterday and the company returns to US stock market on Thursday. You can read more about this sale on WSJ here and on Bloomberg here.

hilton-ipo

I wrote about the Hilton’s IPO at the time the company made its prospectus available. You can read my piece about it here.

The Hilton ended up selling 117.6 million shares leaving Blackstone 76% stake at the company and valuing Hilton with the debt at around $30 billion.

Hilton is using the proceedings to pay off debt that the Blackstone saddled the company with at the time of taking it private.

Conclusion

Now, all the major hotel companies that I cover are publicly listed companies required to file audited statements. Sometimes you can pick up some tidbits from these statements.

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