Hilton Closing Price Ipo

Hilton closing price ipo

Hilton closing price ipo

MCLEAN, VA—Hilton Worldwide Holdings Inc. has priced its initial public offering of 117,640,624 shares of common stock at a price to the public of $20.00 per share.

The company is offering 64,102,564 of such shares and a selling stockholder is offering 53,538,060 of such shares.

Hilton Worldwide Returns to the New York Stock Exchange

The selling stockholder has granted the underwriters an option to purchase up to an additional 17,646,093 shares at the initial public offering price less the underwriting discount. The shares are expected to begin trading on the New York Stock Exchange on December 12, 2013 under the ticker symbol “HLT.”  

The offering is expected to close on December 17, 2013, subject to customary closing conditionHilton Worldwide intends to use the net proceeds from the offering and available cash to repay approximately $1.25 billion of term loan borrowings outstanding under its senior secured credit facilities.


Hilton closing price ipo