Hilton claims ambitious target

The worldwide, multibillion dollar chain of 5 star, top-of-the-line, luxury hotel, Hilton Hotels & Resorts has announced that it wishes to raise up to $2.4 billion only through the selling of shares. The multinational business claims it will issue 112.8 million shares to the market, and try to keep the prices between $18 and $21 in order to raise the amount. This project or plan you can say will be led by its parent company,'Blackstone Group'. Numerous news websites claim that this will be the largest hotel IPO. Hilton Worldwide is officially 'Pending Listing' on the New York Stock Exchange. 
Hilton is one of the largest hotels, and owns many subsidiaries, including one of New York's finest hotels, the Waldorf Astoria. Factors as such will ensure the company a bright future in the Stock Market. Also, the company (in the opinion of iBusiness Times) has chosen the right time to be entering the stock market, it is unique, as it is entering as an established company, that has been running for 93 years, which is only going to ensure increased confidence in the stock itself.

http://www.bloomberg.com/quote/HLT:US

Business executives and officials have already started to give their thoughts on this, and have been quite positive.

"Investor appetite is expected to be strong for the IPO as Hilton is a pre-eminent name in the field," claimed Mr David Menlow, President of IPOFinancial.com.

Looks healthy, now only time will tell!

Source(s):

http://www.reuters.com/article/2013/12/02/us-hilton-ipo-idUSBRE9B10AM20131202

http://www.bloomberg.com/quote/HLT:US

http://en.wikipedia.org/wiki/Hilton_Worldwide

http://www.bbc.co.uk/news/business-25196414