Two sources told Reuters on Thursday that hotel operator Hilton Worldwide Inc was targeting to get listed on the week of December 2. The sources however, added that the date of the initial public offering could be moved as the IPO is still under regulatory review. The sources refused to be identified as the detail had not been made public.
A Hilton representative had not responded to Reuter's request for a comment regarding the matter. Private equity firm Blackstone Group LP, which owned Hilton, refused to provide a comment.
The IPO of Hilton was seen as an expected move by Blackstone. Blackstone had been looking to exit several of its real estate assets. Just this week, one of Blackstone's protfolio asset, shopping center unit Brixmor Property Group Inc, launched an IPO. Brixmor raised USD825 million in the process. In July, Blackstone filed on behalf of Extended Stay America Inc for an IPO. Blackstone said on Thursday that the IPo would put Extended Stay's value to USD4.2 billion.
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