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Samsonite Gets Nod for Hong Kong IPO

Luggage maker Samsonite, which is owned by buyout shop CVC Capital, has approval from the listing committee of the Hong Kong stock exchange for an initial public offering, Reuters reported. The IPO could raise as much as $1.5 million, Reuters said.

(Reuters) – Luggage maker Samsonite, backed by private equity firm CVC Capital Partners , has received approval by the listing committee of the Hong Kong stock exchange for an initial public offering, a source with direct knowledge of the plans said on Friday.

The IPO could raise as much as $1.5 billion, according to some estimates. (Reporting by Elzio Barreto; Editing by Muralikumar Anantharaman)