Twitter Inc.'s(TWTR) much-anticipated initial public offering may have come and gone, but a year-end torrent of corporate debuts lies ahead.
Hotel chain Extended Stay America Inc.’s debut, expected to raise up to $593 million after today’s close, will kick off another busy week for U.S. IPOs, with 11 deals slated to price. The hotel chain is returning to the public market three years after Blackstone Group L.P(BX)., Centerbridge Partners L.P. and New York hedge fund Paulson & Co. led a $3.9 billion buyout, enabling Extended Stay to exit Chapter 11 bankruptcy protection.
Other well-known names on the docket include “Curious George” publisher Houghton Mifflin Harcourt Co., with an IPO slated to raise up to an estimated $292 million late Wednesday. Zulily Inc., a daily deals website for moms, babies and kids, expects its debut to raise up to $207 million after Thursday’s close. The shares will begin trading the day after the deals price.
Farther down the road, Hilton Worldwide Holdings Inc.’s IPO, expected to be one of the largest ever for the hospitality sector, could price before the end of the year, The Wall Street Journal has reported. The company has filed to raise up to an estimated $1.25 billion. Hotel analysts expect the final number will be closer to $2 billion, the Journal reported.
Meanwhile, Chrysler Group LLC’s chief executive told analysts on a conference call last month the auto maker would be ready to go public by the year’s end. Chrysler filed its initial IPO paperwork in September.
The IPO pipeline also features movie-theater operator AMC Entertainment Holdings Inc. and Southeastern Grocers Inc., owner of Winn-Dixie and Bi-Lo grocery stores throughout the Southeast.