Samsonite, a well known manufacturer and distributor of luggage backed by CVC Capital, set terms and timing for its upcoming Hong Kong initial public offering on Monday. Samsonite is planning to raise HK$10.4 billion ($1.3 billion) by offering 671 million shares at a price range of HK$13.50 to HK$17.50 ($1.74 to $2.25). The deal is expected to price on June 9 ahead of a June 16 listing in Hong Kong. Goldman Sachs, Morgan Stanley and HSBC are the lead underwriters on the deal.
(Exchange rate of $1 USD = HK$7.78 as of 12/1/10).
