Market Chatter: Samsonite Taps Banks for US Secondary Listing

MT Newswires Live09-06

Samsonite International (HKG:1910) has chosen JPMorgan Chase and Morgan Stanley to help the luggage manufacturer arrange its secondary listing in the US, Bloomberg News reported Friday, citing people familiar with the matter.

Other banks also plan to help Samsonite with its planned dual listing, which is seen to help the luggage manufacturer boost liquidity and accessibility to global investors, the report said.

Once the dual listing is completed, Samsonite will switch its primary listing venue to the US, Bloomberg reported, citing the sources.

Samsonite did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $18.42, Change: $-0.54, Percent Change: -2.85%

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