Hyatt's IPO Raises $950 Million at $25 a Share, at Higher End

Nov 4th, 2009 - Bloomberg

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Hyatt's IPO Raises $950 Million at $25 a Share, at Higher End

Nov. 4 (Bloomberg) -- Hyatt Hotels Corp., the hotel chaincontrolled by Chicago’s Pritzker family, sold 38 million sharesin an initial public offering at $25 each, at the higher end ofits forecast range in the third-biggest U.S. IPO of 2009.

The operator of 413 Hyatt-brand hotels raised about $950million, according to Bloomberg data. The total doesn’t includethe additional shares the underwriters may purchase. The stockwill begin trading tomorrow on the New York Stock Exchange underthe ticker H. Hyatt sought $23 to $26 a share, an Oct. 30regulatory filing showed.

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