Samsonite Sets Range for IPO

Luggage maker Samsonite, which is backed by private equity firm CVC Capital Partners, has moved closer to a $1.5 billion Hong Kong initial public offering, setting an indicative range for the deal, Reuters reported. Samsonite will offer 671 million shares in the IPO, with an indicative price range of HK$13.5 to HK$17.5 each, Reuters wrote. Goldman Sachs Group Inc., HSBC Holdings Plc and Morgan Stanley are managing the offering.

DealsNorth AmericaUSBriefs