The Hilton prepares to issue 112.8 million shares

The Hilton hotel chain also wants to benefit from the optimistic atmosphere at the stock markets: The Hilton plans to offer approximately 112.8 million shares in an initial public offering of its common stock.

The hotel operator disclosed in a regulatory filing on Monday that the offering is expected to price between $18 and $21 per share.
The company anticipates net proceeds of about $1.21 billion, based on the midpoint of the projected price range.
Hilton is offering about 64.1 million shares. Hilton Global Holdings LLC is offering approximately 48.7 million shares. (portfolio.hu)