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Financing and Stock Offerings

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Top Financing and Stock Offerings Articles see all

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  • The week ahead for December 9-15: Hilton IPO; quarterly industrial data; IP changes [Pictures]

    The week ahead for December 9-15: Hilton IPO; quarterly industrial data; IP changes [Pictures]
    (Reuters) - Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion in the biggest-ever hotel IPO, more than doubling Blackstone Group LP's investment. According to reports last week, Hilton is expected to launch its initial public offering this month and the sale of about 11.5 percent of its shares would value the company at up to $32.5 billion, including debt. Blackstone took Hilton private in 2007 for $26.7 billion, including debt, in one of the largest leveraged buyouts before the 2008 global financial crisis. Blackstone has invested in total about $6.4 billion in Hilton and its 76.2 percent stake after the IPO would be worth up to $15.7 billion. Its private equity and real estate funds, which provided the equity for the leveraged buyout in 2007, are not selling any shares in the IPO. A Blackstone debt fund has registered to sell Hilton shares in the IPO equivalent to a roughly 0.5 percent stake, according to a regulatory filing. "The Blackstone Group has timed the Hilton IPO at the perfect market inflection points of increasing global consumer travel demand, daily room rates, and occupancy," said Christopher Muller, a professor at Boston University's School of Hospitality Administration, speaking last week. The U.S. hotel industry has been recovering with room rates and occupancy levels expected to increase in 2014, according to PricewaterhouseCoopers. The Dow Jones U.S. Hotels index has risen 30 percent so far this year. Hilton's IPO will be the second-biggest IPO in 2013, behind oil pipeline holding company Plains GP Holdings LP , which raised $2.82 billion. Continue reading December 2 Reuters story (Additional editing by Baltimore Sun staff)
  • Retailer DTLR scraps plans for IPO

    Retailer DTLR scraps plans for IPO
    Apparel retailer DTLR Holding Inc. of Hanover said Friday that it has canceled its plans for an initial public offering, citing an unspecified "business development" as the reason. The company declined to comment beyond its one-sentence announcement....

    DTLR Holding Inc. to launch IPO

    DTLR Holding Inc. to launch IPO
    DTLR Holding Inc., a Hanover apparel store, plans to raise up to $75 million in an initial public offering of its common shares, the company said in a regulatory filing on Friday. The retailer did not say how many shares will be offered or at what...

    U.S. stocks end higher despite negative news much of year

    U.S. stocks end higher despite negative news much of year
    Despite all the cliff drama in the past week that sent stocks spiraling downward, all three major U.S. stock indices ended the year higher — which might come as a surprise to many investors U.S. stocks rallied Monday in the last hours of trading...

    Cisco to buy Columbia's Sourcefire for $2.7B

    Cisco to buy Columbia's Sourcefire for $2.7B
    A marquee name in the technology industry said Tuesday that it is buying Columbia-based Sourcefire — a homegrown player in the hot cybersecurity field — for $2.7 billion cash. Cisco Systems wants to bolster its security offerings with...