Hilton Worldwide is expecting to raise over USD$2.3 billion from its upcoming IPO on the New York Stock Exchange.
In a regulatory filing this week, the company said the offering of 112.8 million shares were expected to be priced between USD$18 and USD$21 each and if those prices are realised, it could be bigger than Twitter’s USD$2.1 billion IPO last month.
Hilton is expected to pay off debt with the proceeds and the IPO comes six years after Blackstone Group took the company private for USD$20 billion in October 2007.