Blackstone’s La Quinta Rises After Pricing Stock Sale Low “La Quinta Holdings Inc., the mid-priced hotel chain backed by Blackstone Group LP (BX), climbed in its trading debut after the company raised a lower than expected $650 million in an initial public offering. La Quinta, based in Irving, Texas, sold 38.25 million shares for $17 each after offering 37.2 million shares for $18 to $21 apiece. After falling as much as 4 percent earlier today, the stock closed at ...
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