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.
