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Quiz: QUIZ: Notable IPO's

Question 2 of 10

What hotel chain listed shares from its 2009 IPO under the symbol "H" on the New York Stock Exchange?

  1. Hilton
  2. Holiday Inn
  3. Howard Johnson's
  4. Hyatt
Correct!

With the recession fully underway and "stay-cations" growing in popularity, the hotel business took a huge hit in 2009. For the Hyatt Hotel chain, this situation was made even worse when the family of founder Jay Pritzker broke up their empire amid allegations of fraud and embezzlement. An IPO seemed to be the logical way to raise much needed capital and keep the chain afloat, so in August 2009, the hotel dynasty announced plans to put over $1 billion in shares on the New York Stock Exchange, under the symbol "H."

SOURCE: Hyatt's IPO: Bad Timing or Family Necessity? | Time

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