• Hilton ups IPO

Blackstone has set its IPO target for Hilton at USD2.4bn, above previous expectations. With optional additional shares, the sale could raise USD2.7bn, the second largest IPO of the year, reports Bloomberg.

Blackstone is not selling any of its own stock, and proceeds will pay down debts. Executives start a US roadshow to see potential investors this week, ahead of setting the final share price on December 12.
Read the full story here:
http://www.bloomberg.com/news/2013-12-02/hilton-seeks-as-much-as-2-4-billion-in-biggest-ever-hotel-ipo.html

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