Markets

LBO'd in 2007, Hilton and ARAMARK post solid gains in return to public markets

ARAMARK ( ARMK ) and Hilton ( HLT ), which were acquired in 2007 in two of the largest pre-recession LBOs, gained 14% and 8% on Thursday after raising a combined $3 billion in IPOs on Wednesday. Hilton ( HLT ) may have been weighed down by its larger deal size ($2.4 billion vs. $725 million): Since 2010, roughly two thirds of billion-dollar IPOs have had first-day pops of less than 10%.

Ten Largest IPOs Since 2010
Company (Ticker) Offer Date Deal Size ($B) First-Day Return Return as of 12/12
Facebook ( FB ) 5/17/2012 $16.0 0.6% 36.4%
General Motors ( GM ) 11/17/2010 $15.8 3.6% 21.4%
HCA Holdings ( HCA ) 3/9/2011 $3.8 3.4% 54.4%
Santander Mexico (BSMX) 9/5/2012 $2.9 6.0% 12.8%
Kinder Morgan (KMI) 2/10/2011 $2.9 3.5% 9.6%
Plains GP Holdings, LP (PAGP) 10/15/2013 $2.8 0.0% 10.7%
Hilton Worldwide ( HLT ) 12/11/2013 $2.4 7.5% 7.5%
Zoetis (ZTS) 1/31/2013 $2.2 19.3% 19.9%
Twitter ( TWTR ) 11/6/2013 $1.8 72.7% 112.8%
Nielsen Holdings (NLSN) 1/25/2011 $1.6 8.7% 86.8%

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


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

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