Samsonite, founded in Denver, Colorado, in 1910, is the latest upmarket company to list in Hong Kong Samsonite shares have tumbled on their debut at the Hong Hong stock exchange on investor concern about the strength of the global economic recovery.
Its shares fell by as much as 10% in early morning trade to HK$12.96 from an offer price of HK$14.50
The upmarket luggage firm had raised $1.25bn (£771m) via an initial public offering (IPO).
Samsonite is the latest big brands to list in Hong Kong in order to tap into the lucrative Chinese market.
The Italian fashion house Prada is due to price its IPO on Friday and make its trading debut on June 24.
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Source: http://www.bbc.co.uk/go/rss/int/news/-/news/business-13787574
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