Six years after being taken private, Hilton Worldwide Holdings Thursday made a successful comeback to the market, jumping nine percent after its IPO raised $2.35 billion. The IPO, the largest ever in the hotel sector and the second-biggest US market debut of 2013, illustrated strong investor demand for Hilton, the world's largest hotel company by some benchmarks. Investment banks priced IPO shares at $20, on the high end of the $18-$21 range originally given, and boosted the number of shares by nearly five million compared with the initial plan. Hilton has touted a large increase in hotel rooms and a growing international presence since the chain was bought by US investment titan The Blackstone Group in 2007 for $25 billion.
Washington on Thursday blacklisted a dozen overseas companies and individuals for evading sanctions on Iran in a clear warning to Tehran to comply with a nuclear deal, and persuading US lawmakers to hold off on new punitive measures. Only hours after the surprise announcement, two top senators bowed to White House pleas not to introduce new sanctions, acknowledging it could "rupture" unity among global powers seeking to rein in Iran's suspect nuclear enrichment program. I support strong sanctions, and authored many of the US sanctions currently in place," said Senate banking committee chairman Tim Johnson, who has been in the spotlight over whether he would introduce a new sanctions regime this year, as several senators have sought. "But I agree that the administration’s request for a diplomatic pause is reasonable," Johnson told a hearing.