Hyatt Hotels, a global hotel operator and developer owned by the Pritzker family, announced terms for its IPO on Monday. The Chicago, IL-based company plans to raise $931 million by offering 38 million shares at a price range of $23.00 to $26.00. At the mid-point of the proposed range, Hyatt Hotels will command a market value of $4.1 billion. Hyatt Hotels, which was founded in 1957 and booked $3.5 billion in sales over the last 12 months, plans to list on the NYSE under the symbol H. Goldman Sachs is the lead underwriter on the deal, which is expected to price during the week of November 2.
