Chicagoist (Free subscription) | 06/11/2009
Hyatt, the hotel chain owned by Chicago's storied Pritzker clan, r aised $950 million in its initial public offering Thursday , as the hotel chain took its shares public. Shares were priced at $25, but closed up 12 percent Thursday, near $28 a share. "We are delighted at the success of our initial public offering and with our new partnership with the NYSE," Hyatt CEO Mark Hoplamazian...
San Fransisco Chronicle (Free subscription) | 05/11/2009
... of the company's issues. Among them are disputes between members of the wealthy and influential Pritzker family, the largest holders of Hyatt stock with an 85 percent stake.Proceeds from the sale mostly are going to the family, who will remain in control of Hyatt with about two-thirds of outstanding shares and three-quarters of the voting power.Hyatt won't receive any proceeds from the IPO.The...
Miami Herald (Free subscription) | 05/11/2009
... that were offered. Among the issues facing the company are disputes between members of the wealthy Pritzker family, the largest holders of Hyatt stock with an 85 percent stake in the Chicago company."One thing Wall Street does not like is controversy," said John Fitzgibbon, founder of IPOScoop. Proceeds from the sale - which was priced late Wednesday at $25 each, near the top end of the...
San Fransisco Chronicle (Free subscription) | 05/11/2009
Questions had lingered about whether investors would feel confident enough to snatch up the 38 million shares of the iconic hotel chain that were offered. Among the issues facing the company are disputes between members of the wealthy Pritzker family, the largest holders of Hyatt stock with an 85 percent stake in the Chicago company."One thing Wall Street does not like is controversy," said...
Seattle Times (Free subscription) | 05/11/2009
... that were offered. Among the issues facing the company are disputes between members of the wealthy Pritzker family, the largest holders of Hyatt stock with an 85 percent stake in the Chicago company."One thing Wall Street does not like is controversy," said John Fitzgibbon, founder of IPOScoop.Proceeds from the sale - which was priced late Wednesday at $25 each, near the top end of the $23...
