IPO

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Dec132013

Hilton raises $2.3 billion in largest ever hotel IPO. What does it mean for guests?

Blackstone investment group purchased Hilton Worldwide at the height of the real estate bubble in 2007 for $26.7 billion and took the lodging company private. This week Blackstone made Hilton a publicly traded entity by selling  117.6 million shares around $20 each. Insiders report investor demand exceeded supply. Hilton raised $2.34 billion on Wednesday in…

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