Luggage maker Samsonite International, founded in the U.S. in 1910, is planning to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange. The company aims to increase the liquidity of its shares and reach investors in more markets. The pursuit of a dual listing is still in the early stages, and the company has not provided details about the stock exchanges being considered for the second listing. Samsonite had previously explored a take-private option but has now decided to focus on pursuing a dual listing after a preliminary review of its potential paths forward. The Asia market is crucial for the company's core brands, including American Tourister and Tumi, and Samsonite looks forward to continuing to grow its business in the region and other parts of the world. However, Samsonite's shares dropped 12% in early Hong Kong trading after the announcement of the dual listing plan, denting buyout speculation. The market reaction suggests that investors may be concerned about the potential impact of the dual listing on the company's future. Chairman Timothy Charles Parker stated that the pursuit of a dual listing is at an early stage [89be5840] [c3e79fe1].
