In an Initial Public Offering (IPO) far less heralded than that of Twitter (TWTR), Hilton Worldwide Holdings, Inc. (HLT) re-entered the world of publicly traded companies when its 117.6 million shares sold for $20 each. The total float grew about five million shares more than anticipated on greater investor demand to generate a total investment of $2.35 billion. That makes HLT’s IPO the second largest of the year, behind Plains GP Holdings LP at $2.9 billion, and the largest hotel IPO ever, according to Morningstar analyst Chad Mollman. New investors in HLT can now claim to own a piece of the world’s largest hotel business, as Hilton’s market value has grown to $19.7 billion after the offering. And they can look to build value in the 2014.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: