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Hyatt $950 Million Share Sale Lifts U.S. IPO Market After Three Deals Fail

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RETURN OF THE IPO
"Hyatt Hotels Corp., the chain controlled by Chicago’s Pritzker family, raised $950 million in the third-largest U.S. initial public offering this year, after bankers in the past week were forced to pull three IPOs," according to Bloomberg. "More U.S. companies have been offering their shares in the past two months than at any time in almost two years, data compiled by Bloomberg show. IPOs have increased as sellers took advantage of the more than 50 percent rally in the S&P 500 from its March low to unload their stakes."
SOURCE:   Bloomberg

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