13 Dec 2013

Hilton hotel shares back on market

11:45 am on 13 December 2013

Shares in the international hotel chain Hilton jumped more than 8% on Thursday on its first day of trading on Wall Street.

The company raised $US2.35 billion through an initial public offering, making it the biggest share sale by a hotel firm ever.

That amount also beat Twitter's $US2.1 billion public share sale earlier this year.

Hilton is the world's largest hotel company. It had been taken private in 2007 by the Blackstone Group, a private equity firm.