Samsonite Eyes Dual Listing in US

MT Newswires Live
Feb 16

Samsonite International (HKG:1910) said it is pursuing a potential dual listing in the U.S., according to a Feb. 13 Hong Kong bourse filing.

Shares of the luggage manufacturer were up nearly 2% in Monday morning trade.

The company said the U.S. listing is expected to take the form of American depositary shares and may involve a new share issuance, subject to market conditions.

Samsonite is also seeking approval to issue up to 138.3 million new shares, or about 10% of issued share capital excluding treasury shares, without increasing dilution beyond limits approved at its 2025 annual meeting.

The group also plans to amend its articles of incorporation to facilitate the U.S. listing and to cancel all outstanding treasury shares following completion of the dual listing to offset potential dilution.

Shareholders will vote on the proposals at meetings scheduled for March 19.

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