MCLEAN, Va. — Hilton Worldwide is set to go public. The company, which is owned by Blackstone Group LP, has filed to raise $1.25 billion in a U.S. initial public offering.

Blackstone Group purchased Hilton in 2007 for $26 billion. According to Bloomberg, Hilton could be valued at $30 billion.

Deutsche Bank Securities Inc., Goldman, Sachs & Co., BofA Merrill Lynch, and Morgan Stanley & Co. LLC are acting as the joint book-running managers for the offering. Money raised in the IPO will be used to pay down debt.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.