Extended Stay America prices IPO at $20, within the range

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Extended Stay America, the largest owner and operator of company-branded hotels in North America, raised $565 million by offering 28.3 million shares at $20, within the range of $18 to $21. Extended Stay America plans to list on the NYSE under the symbol STAY. Deutsche Bank, Goldman Sachs, J.P. Morgan, Citi, BofA Merrill Lynch, Barclays, Morgan Stanley and Macquarie Capital acted as lead managers on the deal.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: News Headlines , IPOs

Referenced Stocks: STAY

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