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Article: Hyatt Hotels Corporation Prices Initial Public Offering.
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Hyatt Hotels Corporation ("Hyatt") announced the pricing of its initial public offering of 38,000,000 shares of Class A common stock at a price of $25.00 per share. Hyatt's Class A common stock will begin trading on the New York Stock Exchange under the symbol "H" on November 5, 2009.
The offering will consist of 38,000,000 shares of Class A common stock to be sold by certain existing stockholders. In addition, Hyatt has granted the underwriters a 30-day option to purchase up to an additional 5,700,000 shares of Class A common stock. Hyatt will not receive any of the proceeds from the sale of shares of Class A common stock by the selling stockholders.
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