Strong Debut For Hilton Shares

Now watching

Next video starts in : 7 Play

Strong Debut For Hilton Shares

Strong Debut For Hilton Shares
Replay video
Up next

Katie Holmes Wigs Out; Plans to Give Her Met Ball Dress to Suri

Unlock your personal NFL Now stream by signing in to NFL.com

Strong Debut For Hilton Shares

by Wochit 0:54 mins

Strong Debut For Hilton Shares

by Wochit 0:54 mins

The hotel business is back. At least judging from Wall Street’s reaction to Hilton Worldwide’s stock on its first day of trading on Thursday. Shares in Hilton were more than 8 percent higher at midday, with the stock trading at $21.66, up $1.67. The hotel chain is one of the largest companies to go public this year and a main player in the hospitality industry. But its strong debut probably could not have been predicted a short time ago. The company went private in a $26 billion deal with the Blackstone Group in 2007, at the height of the takeover era. Then the economy collapsed. Blackstone focused on cutting the company’s debt and, as the economy recovered, Hilton’s revenue recovered along with it.

Must Watch

Must Watch

  1. 1:48

    Katie Holmes Wigs Out; Plans to Give Her Met Ball Dress to Suri

  2. 1:55

    Ed Sheeran Surprises 'Undateable's Brent Morin with Kiss on Live Broadcast

  3. 4:11

    Will Ferrell as Harry Caray - David Letterman

  4. 28:51

    Community Episode 9: Grifting 101

  5. 0:58

    Take a Cue From Your Grandparents on Texting

  6. 1:10

    R.I.P. Jar Jar Binks

Other Space

  1. 27:05

    Other Space Episode 1: Into the Great Beyond...Beyond

  2. 25:20

    Other Space Episode 2: Getting to Know You

  3. 25:51

    Other Space Episode 3: The Death of A.R.T.

  4. 25:46

    Other Space Episode 4: Ted Talks

  5. 26:44

    Other Space Episode 5: Trouble's Brewing

  6. 27:02

    Other Space Episode 6: Powerless

Community

  1. 27:26

    Community Episode 1: Ladders

  2. 27:26

    Community Episode 2: Lawnmower Maintenance and Postnatal Care

  3. 24:40

    Community Episode 3: Basic Crisis Room Decorum

  4. 30:58

    Community Episode 4: Queer Studies and Advanced Waxing

  5. 28:45

    Community Episode 5: Laws of Robotics and Party Rights

  6. 28:13

    Community Episode 6: Basic Email Security

Live Nation

  1. Betty Who - Betty Who LIVE Concert

  2. Death Cab For Cutie - Death Cab for Cutie LIVE Concert

  3. 4:47

    Jazmine Sullivan - Masterpiece (Mona Lisa) - Live from Iron City #YahooLive

  4. 6:12

    Sixx:A.M. featuring Apocalyptica - Life Is Beautiful - Live from Vic Theatre #YahooLive

  5. Oh Land - Oh Land LIVE Concert

  6. The Waterboys - The Waterboys LIVE Concert

Live Nation

  1. Betty Who - Betty Who LIVE Concert

  2. Death Cab For Cutie - Death Cab for Cutie LIVE Concert

  3. 4:47

    Jazmine Sullivan - Masterpiece (Mona Lisa) - Live from Iron City #YahooLive

  4. 6:12

    Sixx:A.M. featuring Apocalyptica - Life Is Beautiful - Live from Vic Theatre #YahooLive

  5. Oh Land - Oh Land LIVE Concert

  6. The Waterboys - The Waterboys LIVE Concert