Goldman Sachs will earn $117 Million from the Hilton IPO

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Update December 14, 2013- The Hilton IPO will earn $117 Million for Goldman Sachs.

Update December 2, 2013- The Hilton IPO will raise $2.4 Billion, according to Bloomberg.

August 8, 2013- The Conrad Hotel, part of the private Hilton chain, (owned by Goldman Sachs) could be going public with an IPO soon, according to the WSJ, “Hilton Worldwide Inc. is making preparations for a return to the public markets, choosing four banks to manage a share sale as the hotel group’s private-equity owner looks to capitalize on a rebounding real-estate market and strong investor demand for initial public offerings. Hilton, taken private by Blackstone Group LP BX -1.73% in 2007 for more than $18 billion and $7 billion in assumed debt in the hotel industry’s largest-ever private-equity buyout, tapped Deutsche Bank AG, Goldman Sachs Group Inc., Bank of America Corp.’s BAC -0.75% Bank of AmericaMerrill Lynch and Morgan Stanley as the main underwriters for the widely expected IPO, said people familiar with the matter.”

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