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Wednesday, November 04, 2009
Hyatt Hotels IPO On Deck For Thursday
By Steve Gelsi
MarketWatch Pulse
NEW YORK (MarketWAtch) -- Hyatt Hotels Corp. is expected to debut its initial public offering on Thursday, according to IPO analyst Scott Sweet of IPO Boutique. Hyatt will likely price at around $22 a share, below its estimated range of $23 to $26, Sweet said. With 38 million shares in the deal, Hyatt will raise about $836 million if it prices at $22 a share. Hyatt plans to trade on the New York Stock Exchange under the symbol H. Goldman Sachs is lead underwriter of the deal.
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