<p><div class="KonaFilter image-container float_right"><div class="image on-image"><img src="http://static3.businessinsider.com/image/52a9d352ecad0442440dbdda-579-434/paris-hilton-4.png?maxX=481&amp;maxY=360" border="0" alt="paris hilton" width="481" height="360" /><p class="source">AP Photo</p></div><p></p></div>Hotel chain <keyword id="13541" type="COMPANY" weightage="60" keywordseo="Hilton">Hilton</keyword> Worldwide raised $2.34 billion in its IPO.</p>
<p>It opened at $21.30 on Thursday, compared with IPO price at $20. That's up about 8%.</p>
<p>Blackstone took Hilton private in 2007. It holds <a href="http://www.businessinsider.com/should-you-buy-the-hilton-ipo-2013-12">81.5% of the company </a>and isn't selling any of its shares in the offering.</p>
<p>"The big challenges for the industry are on the supply side," he said. And since banks have loosened up with lending, that's allowing companies in the hotel space to increase supply," Ryan Meliker, an analyst with MLV &amp; Co. told Business Insider ahead of the IPO. A demand shock from a global economic slowdown would be a headwind, he said.</p>
<p><em>More to come...</em></p>

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BusinessInsider

Hilton Shares Jump After IPO

AP PhotoHotel chain Hilton Worldwide raised $2.34 billion in its IPO. It opened at $21.30 on Thursday, compared with IPO price at $20. That's up about 8%. Blackstone took Hilton private in 2007. It holds 81.5% of the company and isn't selling any of its shares in the offering. "The big challenges for the industry are on the supply side," he said. And since banks have loosened up with lending, that's allowing companies in the hotel space to increase supply," Ryan Meliker, an analyst with MLV &amp; Co. told Business Insider ahead of the IPO. A demand shock from a global economic slowdown would be a headwind, he said. More to come...

AP PhotoHotel chain Hilton Worldwide raised $2. 34 billion in its IPO.

Hilton Shares Jump After IPO

Mamta Badkar

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