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Hilton Worldwide Holdings Inc plans IPO-Reuters


Tuesday, 3 Dec 2013 12:17pm EST 

Hilton Worldwide Holdings Inc:Says its initial public offering would raise up to $2.37 billion in the IPO - Reuters.Says it is expected to launch its initial public offering this month and the sale of about 11.5 pct of its shares * Says it expects to price the offering of 112.8 million shares at between $18 and $21 per share.Says it is selling 64.1 million shares in the offering, raising about $1.3 billion at the top end of the price range.Says shareholders will offer the remaining 48.7 million shares.Says the IPO could raise $2.72 billion if underwriters exercise their rights to buy another 16.9 million shares * Says it would use the proceeds from the offering to repay $1.25 billion of its total debt of $11.8 billion as of Sept. 30.Says it will list on the New York Stock Exchange under the symbol HLT.Says lead underwriters for the offering are Deutsche Bank, Goldman Sachs Group Inc, Bank of America Corp and Morgan Stanley.Says that J.P. Morgan, Wells Fargo Securities and 18 others would also underwrite the IPO.