Hotel operator Hilton Worldwide Holdings plans to raise $1.25 billion from an initial public offering of its common stock.
The company did not disclose in its filing Thursday how many shares would be offered or the anticipated price range.
The company said it plans to use the offering's net proceeds to pay back some of its debt. Any remaining funds will be used for general corporate purposes.
(Read more: Hotel chain withtiny rooms plans big expansion
For the 12-month period ended in June, Hilton reported net income of $427 million and revenue of $9.4 billion.
Hilton has 4,041 hotels, resorts and timeshare properties. Its brands include Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts and Hampton Inn.
(Read more: Six standout airlineperks—when money is no object)