FINANCE| Hyatt Hotels IPO: 38 million shares at $25 each

Hyatt Hotels Corp., the hotel chain controlled by Chicago's Pritzker family, sold 38 million shares in an initial public offering at $25 each, at the higher end of its forecast range.

The operator of 413 Hyatt-brand hotels raised about $950 million, according to Bloomberg data.

The total doesn't include the additional shares the underwriters may purchase. The stock will begin trading Thursday on the New York Stock Exchange under the ticker H.

Hyatt sought $23 to $26 a share, an Oct. 30 regulatory filing showed.



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