Samsonite Scouts Second Listing Venue on Rising Risk Appetite -- Update

Dow Jones03-22

By P.R. Venkat

Samsonite is planning another listing on a leading stock exchange besides Hong Kong as the luggage maker seeks to solicit investors' rising risk appetite.

An additional listing will increase the liquidity of the company's shares, expand its global reach, and drive business growth, the world's largest distributor of lifestyle bags said Friday.

Samsonite didn't disclose the venue of the listing, the deal size, or the shares that could be on offer.

The decision to pursue a dual listing is at an early stage, and is aimed at enhancing shareholders' value, the company said.

Samsonite was established in 1910 as a trunk manufacturer in Denver, Colorado. The company listed on the Hong Kong Stock Exchange in 2011 and raised $1.25 billion. Its current market capitalization is over $5.5 billion.

The company's improved business performance, fueled by a resurgence in travel demand following the pandemic, has led to optimism about considering another venue for a listing.

Samsonite said its profitability over the past few years has been significant and is confident in its ability to deliver long-term sustainable value to shareholders.

The company's sales grew 28% on year to $3.68 billion in 2023, with net profit rising 33% to $417.0 million.

Write to P.R. Venkat at venkat.pr@wsj.com

(END) Dow Jones Newswires

March 21, 2024 21:00 ET (01:00 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Venkat \n</p>\n<pre>\n \n</pre>\n<p>\n  Samsonite is planning another listing on a leading stock exchange besides Hong Kong as the luggage maker seeks to solicit investors' rising risk appetite. \n</p>\n<p>\n  An additional listing will increase the liquidity of the company's shares, expand its global reach, and drive business growth, the world's largest distributor of lifestyle bags said Friday. \n</p>\n<p>\n  Samsonite didn't disclose the venue of the listing, the deal size, or the shares that could be on offer. \n</p>\n<p>\n  The decision to pursue a dual listing is at an early stage, and is aimed at enhancing shareholders' value, the company said. \n</p>\n<p>\n  Samsonite was established in 1910 as a trunk manufacturer in Denver, Colorado. The company listed on the Hong Kong Stock Exchange in 2011 and raised $1.25 billion. 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Venkat \n\n\n \n\n\n  Samsonite is planning another listing on a leading stock exchange besides Hong Kong as the luggage maker seeks to solicit investors' rising risk appetite. \n\n\n  An additional listing will increase the liquidity of the company's shares, expand its global reach, and drive business growth, the world's largest distributor of lifestyle bags said Friday. \n\n\n  Samsonite didn't disclose the venue of the listing, the deal size, or the shares that could be on offer. \n\n\n  The decision to pursue a dual listing is at an early stage, and is aimed at enhancing shareholders' value, the company said. \n\n\n  Samsonite was established in 1910 as a trunk manufacturer in Denver, Colorado. The company listed on the Hong Kong Stock Exchange in 2011 and raised $1.25 billion. Its current market capitalization is over $5.5 billion. \n\n\n  The company's improved business performance, fueled by a resurgence in travel demand following the pandemic, has led to optimism about considering another venue for a listing. \n\n\n  Samsonite said its profitability over the past few years has been significant and is confident in its ability to deliver long-term sustainable value to shareholders. \n\n\n  The company's sales grew 28% on year to $3.68 billion in 2023, with net profit rising 33% to $417.0 million. \n\n\n \n\n\n  Write to P.R. 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