Hilton to increase IPO size to $2.25 billion

Hotel operator Hilton World-wide Inc, owned by private equity firm Blackstone Group LP, will increase the size of its initial public offering to about $2.25 billion, which will let its preferred shareholders sell about $1 billion of stock, according to a source familiar with the matter.
The company expects to file with regulators for the new terms of the IPO in the first week of December, with the offering expected later in the month, the source said.
Blackstone took Hilton private in 2007 in a $26.7 billion deal, which was one of the largest leveraged buyouts that preceded the 2008 global financial crisis. In September, Hilton filed for an IPO to raise $1.25 billion. Blackstone is hoping the stock market will value Hilton at around $30 billion, sources previously told Reuters.