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Samsonite’s U.S. Dual Listing Strategy and Market Impacts
Samsonite Targets U.S. Dual Listing
Welcome back to Breaking News to Trading Moves. Today: Hong Kong-listed luggage maker Samsonite said it’s pursuing a dual listing on a U.S. exchange to boost visibility and U.S. liquidity. The plan involves American depositary shares (ADS) representing up to 9.97% of total shares, with an issue price that would be no more than a 15% discount to the last close before the underwriting agreement is signed. Proceeds (if it goes ahead) are earmarked for operations, capex, debt repayment, and potential acquisitions, with timing and structure still to be…
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