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.
September 12, 2013 at 12:14 PM
1 minute read
The original version of this story was published on Legalweek
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).
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.
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