Hilton Worldwide Holdings Inc. completed an initial public offering on December 12, 2013. The offer price was

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Hilton Worldwide Holdings Inc. completed an initial public offering on December 12, 2013. The offer price was $20.00 per share and the closing price at the end of the first day was $21.50. The firm issued 117.6 million shares. What was the loss to Hilton due to underpricing? Who received this value?
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Fundamentals of Corporate Finance

ISBN: 978-1118845899

3rd edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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