Simpson Thacher, Davis Polk Lead Hilton Into $2.7B IPO

Law360, New York (December 11, 2013, 7:29 PM EST) -- In what promises to be the largest initial public offering for a hotel company, the Blackstone Group LP-backed Hilton Worldwide Holdings Inc. on Wednesday set its share pricing at $20 for an estimated  $2.7 billion windfall.

Pricing toward the slightly higher end of a previously set $18 to $21 per share range, the offering of 117,640,624 shares — plus an additional 17,646,093 granted as an underwriter option — is expected to close on Dec. 17, according to a statement. Shares will begin trading on the New...
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