It’s a suite day for Hilton investors.
Shares gained 7.5 percent to close at $21.50 Thursday after the hotelier raised $2.35 billion, the largest hotel IPO ever.
Hilton Worldwide Holdings Inc. is the world’s largest hotel group with 665,667 rooms across 90 countries and territories. It operates luxury brands such as the Waldorf Astoria and Conrad Hotels & Resorts but has built much of its recent growth on franchise deals.
Hilton’s market value of about $21.2 billion is well above that of other hoteliers.
Hilton was taken private in 2007 by Blackstone Group LP, a private equity firm.
In another trading debut Thursday, Aramark Holdings Corp., which sells beer at sports events, jumped 14 percent to close at $22.70 after pricing its shares at $20 Wednesday evening.
