Starwood Property Trust Inc (STWD.N) priced shares for $20 on Tuesday and twice boosted the number of shares offered in what is likely to emerge as the largest U.S. initial public. Starwood Property is a unit of private equity firm Starwood Capital Group. Starwood Capital Group, controlled by Barry Sternlicht, has previously formed companies such as Starwood Hotels & Resorts Worldwide (HOT.N) and property finance company iStar Financial Inc.

Read the full article at reuters.com

Hospitality Net Editorial
reuters.com