Hilton Worldwide makes initial public offering
Hilton Worldwide plans to raise £783m (US$1.25bn) from an initial public offering (IPO) of its common stock.
The hospitality group filed a registration statement with the US Securities and Exchange Commission on Thursday September 12 but said the numbers of shares to be floated and the price of shares have not yet been determined.
Among the high-profile companies managing the offering are Deutsche Bank, Goldman Sachs, Morgan Stanley and Bank of America Merrill Lynch. The registration statement, while filed, has not yet become effective.