initial public offerings (IPOs) trading on American exchanges

Tuesday, June 6, 2017

Playa Hotels & Resorts (PLYA) began trading on Nasdaq on 8 May 2017

Playa Hotels & Resorts began trading on the Nasdaq on Monday, May 8, after the all-inclusive resorts operator completed its merger with Pace Holdings Corp., a division of private equity company TPG.

  • Playa CEO and chairman Bruce Wardinski and his management team will continue to run the combined company. Pace CEO Karl Peterson and former Sabre Corp. CEO Tom Klein have been appointed to Playa's board of directors.
  • On March 1, Pace shareholders approved the transaction, which makes Playa the only publicly traded all-inclusive resorts company.
  • Playa's portfolio consists of 13 resorts across Mexico, the Dominican Republic and Jamaica, including properties operating under Hyatt's Ziva and Zilara brands.

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