U.S. luggage maker, Samsonite, is seeking to sell shares worth nearly $1 billion in an initial public offering in Hong Kong, The Wall Street Journal reports. The company and its bankers will start informal conversations with potential investors to decide the price range. The deal will be managed by Goldman Sachs, Morgan Stanley, HSBC, Royal Bank of Scotland and UBS. RBS owns a 30% stake in Samsonite, while CVC Capital Partners owns nearly 70% of the Luxembourg-incorporated company, adds Financial Times.

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