Hilton Worldwide, one of the world’s biggest hotel chains, is planning to float on the New York Stock Exchange in order to raise up to £1.4 billion.
It said it would use the money raised to pay down debt.
Blackstone Group, which bought Hilton in 2007 for $26.7 billion, is planning to sell 112.8 million shares for between $18 and $21 each.
Hilton’s hotel brands include Conrad, Waldorf Astoria, Doubletree, Embassy Suites, Homewood Suites, Home2Suites, Hilton Garden Inn, Hampton Inn and Hilton Grand Vacations.
