Hilton to raise as much as $2.37 bln in IPO — Reuters

Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, said it would raise as much as $2.37 billion from an initial public offering of its shares.

Hilton said it expected to price the offering of 112.8 million shares at between $18 and $21 per share, according to a filing with the U.S. Securities and Exchange Commission on Monday.

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