Hyatt Hotels Corporation Celebrates IPO, First Day of Trading on NYSE
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Hyatt Hotels Corporation Celebrates IPO, First Day of Trading on NYSE
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Category: Worldwide - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2009-11-06
-- Second Largest IPO to List on the NYSE in 2009 --
Hyatt Hotels Corp., a leading global hospitality company, opened for trading today on the New York Stock Exchange under the ticker symbol “H” after its successful initial public offering in which it raised $950 million in gross proceeds. Headquartered in Chicago, Hyatt Hotels Corp. is the 18th IPO by an operating company on the New York Stock Exchange this year.
“On behalf of my NYSE Euronext colleagues, I want to congratulate Hyatt Hotels on the successful completion of its IPO and NYSE listing,” said Duncan Niederauer, Chief Executive Officer, NYSE Euronext. “Hyatt is a leading global brand and a welcome addition to our listed company family. We look forward to a beneficial and lasting partnership with Hyatt and to providing the company and its shareholders with the highest levels of service and market quality.”
“We are delighted at the success of our initial public offering and with our new partnership with the NYSE,” said Mark Hoplamazian, Chief Executive Officer of Hyatt Hotels Corporation. “Moving forward, our focus will continue to be providing authentic hospitality to our guests and driving preference for our brands.”
Hyatt Hotels Corp is the second largest initial public offering to begin trading on the New York Stock Exchange this year following the October 7th IPO of Banco Santander (Brasil) S.A. (NYSE: BSBR), which raised $7.0 billion.
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