Categories: U.S. Investing

Hilton Crushes Twitter in IPO Take

Hilton Crushes Twitter in IPO Take (YahooFinance)

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.

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.

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