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Hilton's (HLT) Jumps on Successful IPO

NEW YORK (TheStreet) -- Hilton Worldwide Holdings (HLT) was warmly embraced on its return to the New York Stock Exchange Thursday as shares were jumping 8.1% to $21.62. The hotel chain pulled $2.35 billion in funds from its offering of 117.6 million shares for $20 each. Total capital raised managed to beat Twitter's (TWTR) November IPO by $250 million.

The company returned to the market following a five-year hiatus. In 2007, Blackstone Group, took the Virginia-based hotel chain private.

Rival hotel chains were trading higher on the successful IPO. Hyatt Hotels (H - Get Report) added 0.43% to $46.84, while Starwood Hotels & Resorts (HOT - Get Report) popped 1.5% to $73.27. Meanwhile, Marriott International (MAR) and InterContinental Hotels Group (IHG) were slightly off, down 0.32 and 0.35%, respectively.

--Written by Keris Alison Lahiff.

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