An overlooked contributor to IPO’s ascent has been hotelier Hilton Worldwide Holdings (NYSE: HLT), which is up 9% over the past three months. Although Hilton is not an IPO in the truest sense of the term because it was once public only to be taken private in a leveraged buyout only to go public again in December 2013, a deal that once looked dreadful now looks excellent. A Bloomberg headline out today calls the Hilton LBO “The Best Leveraged Buyout Ever.”
And it should not be forgotten that IPO, the ETF, has a track record of quickly adding hot Chinese Internet IPOs.JD.com (NasdaqGS: JD), the Chinese online retailer, debuted in IPO on May 30. Since then, the ETF is up 11.1%. [IPO ETF Adds JD.com]
Renaissance IPO ETF
