Hyatt plans IPO, hopes to raise $1.5B

Hyatt Hotels Corp. has filed for an initial public stock offering with plans to sell as much as $1.5 billion in stock. Under the deal, shares sold would be Class A, which would have only one-tenth the voting power of Class B shares, allowing the founding Pritzker family, which holds an 85% stake in the company, to remain largely in control. Other shareholders include Goldman Sachs Group, with 7.5% of shares, and Madrone Capital Partners, which has 6.1%.

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