Samsonite Drops 7.7% in Debut

Samsonite International dropped 7.7% Thursday in its trading debut, making the luggage maker the latest in a string of weak Hong Kong IPOs, Reuters reported. The company and shareholders, including private-equity firm CVC Capital Partners and Royal Bank of Scotland Group, sold 671.2 million shares to raise HK$9.73 billion ($1.25 billion), Reuters reported.

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