La Quinta Holdings Inc, a hotel chain backed by Blackstone Group LP, filed with U.S. regulators to raise up to $100 million in an initial public offering of its common stock. J.P. Morgan and Morgan Stanley are the underwriters, the company said in a filing with the Securities and Exchange Commission (SEC) on Monday. ()Blackstone, the largest publicly listed alternative asset manager, took Hilton Worldwide Holdings Inc public in the biggest-ever hotel IPO in December.Blackstone was initially exploring a sale of La Quinta, which it took private in a $3.4 billion deal in 2006.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.67% or $0.21/share to $31.55. In the past year, the shares have traded as low as $17.92 and as high as $33.41. On average, 4602010 shares of BX exchange hands on a given day and today's volume is recorded at 5949937.
Hilton Worldwide Holdings Inc. is a hospitality company. Shares of HLT fell by 1.11% or $-0.24/share to $21.41. In the past year, the shares have traded as low as $20.55 and as high as $25.75. On average, 3108450 shares of HLT exchange hands on a given day and today's volume is recorded at 1154076.
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 traded higher by 0.03% or $0.01/share to $29.70. In the past year, the shares have traded as low as $20.16 and as high as $33.52. On average, 12404500 shares of MS exchange hands on a given day and today's volume is recorded at 7822350.
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