NEW YORK (AP) -- Hilton is back, and in a big way.
The hotelier, which went private in 2007, says its initial public offering priced Wednesday at $20 per share -- in the middle of its expected range -- for a total take of $2.35 billion on the sale of 117.6 million shares.
The payoff surpasses the $2.1 billion generated by Twitter's IPO last month. The biggest IPO of the year so far was Plains GP Holdings LP at $2.9 billion.
Hilton Worldwide Holdings is the world's largest hotel group, when measured by rooms, with 665,667 rooms across 90 countries and territories.
Blackstone Group LP, which led the $20 billion buyout of Hilton six years ago, is not selling any shares in the IPO, and will continue to hold majority voting power.
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