Diamond Resorts International, Inc. has filed a registration statement on Form S-1 in the US Securities and Exchange Commission for a proposed initial public offering (IPO) of its common stock.
The timeshare specialist is a pioneer and global leader in the hospitality and vacation ownership industry, and boasts a current ownership base of more than 490,000 owner-families and a worldwide network of 295 vacation destinations located in 32 countries throughout the world.
Diamond Resorts’ locations include the continental United States, Hawaii, Canada, Mexico, the Caribbean, Central America, South America, Europe, Asia, Australia and Africa.
The number of shares to be offered and the price range for the offering have not yet been determined. A portion of the shares will be issued and sold by the Company, and a portion will be sold by certain stockholders of the Company. Diamond says its common stock on the New York Stock Exchange will be traded under the symbol “DRII.”
Top banking and investment brands Credit Suisse, BofA Merrill Lynch, J.P. Morgan and Guggenheim Securities will be acting as joint book-running managers, and Cantor Fitzgerald & Co. will be acting as co-manager.
The offering will be made solely by means of a prospectus and interested parties can request copies of the preliminary prospectus related to the offering, when available, from the offices of Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, or by telephone at +1 (800) 221-1037, or by email at email@example.com.
For more information about Diamond Resorts, please visit the official website at www.diamondresorts.com