Hilton Worldwide raises $2.3B in biggest-ever hotel IPO

Hilton Worldwide Inc, the world's largest hotel operator, raised roughly $2.34 billion in its initial public offering on Wednesday after pricing shares toward the high end of the range.

Backed by private equity and real estate firm Blackstone Group LP, the IPO was priced at $20 per share. The company and existing shareholders sold 117.6 million shares, according to the Chicago Tribune.

The company begins selling its stock on the New York Stock Exchange today under the ticket symbol "HLT."

Read more from the Chicago Tribune.