Samsonite Narrows IPO Range

Samsonite International, which is backed by private-equity firm CVC Capital Partners, has set a new price range of HK$14.50 to HK$15.50 per share for its IPO from HK$13.5 to HK$17.5 previously, Reuters reported. Samsonite plans to sell 671 million shares, putting its IPO size as high as HK$10.4 billion ($1.3 billion), compared with up to HK$11.7 billion ($1.5 billion) before. Goldman Sachs Group Inc., HSBC Holdings Plc and Morgan Stanley are managing the offering.

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