Blackstone's Hilton Worldwide files for a $1.25 billion IPO
Hilton Worldwide, which owns and franchises a portfolio of 4,041 hotels worldwide, filed on Thursday with the SEC to raise up to $1.25 billion in an initial public offering. The McLean, VA-based company, which was founded in 1919 and booked $9.4 billion in sales for the 12 months ended June 30, 2013, has yet to announce an exchange or a ticker. Deutsche Bank, Goldman Sachs, BofA Merrill Lynch and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.