Executives at the Hong Kong Stock Exchange must have made a good case to Samsonite. The suitcase-maker will list in Hong Kong on June 16, and this week kicked-off its investor roadshow. The internationally-renowned luggage firm – with products now available in more than 100 countries – hopes to raise HK$11.75 billion ($1.5 billion) in an offering that’s being lead-managed by HSBC.
Hong Kong officials have been arguing that it makes sense for big consumer goods companies to list in the territory because of its proximity to the fast-growing China market. France’s L’Occitane is already listed in Hong Kong. And following Samsonite’s deal, Prada will do likewise. The Italian luxury goods firm plans to raise as much as $2.5 billion when it IPOs in Hong Kong later this month.
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