Private equity-backed hotel chain La Quinta has revealed it hopes to raise up to $780m through an IPO.
The company, which was bought by Blackstone in a $3.4bn take-private deal in 2006, initially filed to list on the public markets in December last year.
No target was given at that point, but a new document filed with the US securities regulator shows the company intends to sell 37.2 million shares at between $18 and $21 each.
La Quinta would have a market capitalisation of about $2.57bn at the top of that range.
Last year it was reported that Blackstone was looking to sell La Quinta for as much as $4.5bn and that the company had attracted interest from Choice Hotels International and private equity firms.
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