Davis Polk and Simpson Thacher check in for $1.25bn Hilton IPO
Davis Polk & Wardwell and Simpson Thacher & Bartlett have advised on hotel operator Hilton Worldwide's plans for an initial public offering (IPO). The hospitality company, which is owned by private equity firm Blackstone Group, is hoping to raise up to $1.25bn (£790m) through the listing, the proceeds of which will be used to pay down debt and for general corporate purposes.
Davis Polk & Wardwell and Simpson Thacher & Bartlett are taking the lead roles on hotel operator Hilton Worldwide’s plans for an initial public offering (IPO).
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