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Hilton could raise $2.3 billion in IPO

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Hilton Worldwide is expecting to raise over USD$2.3 billion from its upcoming IPO on the New York Stock Exchange.

In a regulatory filing this week, the company said the offering of 112.8 million shares were expected to be priced between USD$18 and USD$21 each and if those prices are realised, it could be bigger than Twitter’s USD$2.1 billion IPO last month.

Hilton is expected to pay off debt with the proceeds and the IPO comes six years after Blackstone Group took the company private for USD$20 billion in October 2007.

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