("Hyatt Hotels IPO On Deck For Thursday - Analyst," at 2:53 p.m. EST, misstated Scott Sweet's earlier price forecast in the first paragraph. The correct version follows:)
NEW YORK (MarketWAtch) --Hyatt Hotels Corp. is expected to debut its initial public offering on Thursday, according to IPO analyst Scott Sweet of IPO Boutique. Hyatt will likely price within its estimated range of $23 to $26, Sweet said. Earlier, he forecast a price of $21 a share, but he lifted his outlook on healthy interest now expected for the deal. With 38 million shares in the deal, Hyatt will raise about $931 million if it prices at $24.50 a share.
Hyatt plans to trade on the New York Stock Exchange under the symbol H. Goldman Sachs (GS) is lead underwriter of the deal.
-Steve Gelsi; 415-439-6400; AskNewswires@dowjones.com