Blackstone Group LP has selected banks to lead an initial public offering of Hilton Worldwide Inc as it prepares to bring one of the largest leveraged buyouts back to the stock market, three people familiar with the matter said on Wednesday.The IPO of the hotel operator is expected to come in the first half of 2014, two of the people said.Hilton has selected Deutsche Bank AG, Goldman Sachs Group Inc, Bank of America Corp and Morgan Stanley to lead the deal, the three sources told Reuters.Hilton, Blackstone, Deutsche Bank, Bank of America, Goldman Sachs and Morgan Stanley declined to comment.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 0.75% or $-0.11/share to $14.53. In the past year, the shares have traded as low as $7.57 and as high as $15.03. On average, 121893000 shares of BAC exchange hands on a given day and today's volume is recorded at 128693544.
The Blackstone Group L.P. (Blackstone), is a manager of private capital and provider of financial advisory services. Shares of BX fell by 1.73% or $-0.4/share to $22.76. In the past year, the shares have traded as low as $13.04 and as high as $24.31. On average, 5100190 shares of BX exchange hands on a given day and today's volume is recorded at 12178802.
Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world. Shares of DB traded higher by 0.45% or $0.2/share to $44.73. In the past year, the shares have traded as low as $30.68 and as high as $53.12. On average, 1345150 shares of DB exchange hands on a given day and today's volume is recorded at 484883.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS fell by 0.81% or $-1.33/share to $163.45. In the past year, the shares have traded as low as $102.12 and as high as $169.69. On average, 3517900 shares of GS exchange hands on a given day and today's volume is recorded at 2132122.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.88% or $-0.24/share to $27.07. In the past year, the shares have traded as low as $14.18 and as high as $28.02. On average, 17656500 shares of MS exchange hands on a given day and today's volume is recorded at 9174445.
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