La Quinta launches $650M IPO

Posted online April 9, 2014 | 6:55 am

The initial public offering of La Quinta Holdings, owned by the Blackstone Group, raised $650 million, according to Fox News.

The IPO of 38.25 million shares was priced lower than expected, at a range of $18 to $21 per share.

The shares will repotedly start being sold on the New York Stock Exchange today.

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