Samsonite kicks off Hong Kong IPO of up to $1.5 billion

The private equity-owned luggage maker aims to beat Prada to become the second international consumer product brand to list in Hong Kong after L’Occitane.

Samsonite kicks off Hong Kong IPO of up to $1.5 billion
Travellers line up for an old-for-new suitcase swap arranged by Samsonite in Korea a few years back (AFP)

Less than two years after completing a major financial restructuring to avert bankruptcy, Samsonite International is looking to become the second international consumer product brand to go public in Hong Kong. The luggage specialist yesterday kicked off the institutional marketing for an initial public offering of up to HK$11.75 billion $1.5 billion and aims to start trading on June 16.

The deal comes at a time when consumer spending in Asia, and China in...

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