Samsonite (SMSEY.US) has chosen J.P. Morgan and Morgan Stanley to arrange its dual listing in the United States.

According to informed sources, SAMSONITE (01910, SMSEY.US) has selected a bank to help arrange its dual listing in the United States. The company is seeking to improve liquidity to make it easier to attract investments from global investors. The sources mentioned above stated that SAMSONITE is working with JPMorgan Chase and Morgan Stanley on the listing. They also said that other banks are seeking to join this group. The sources added that SAMSONITE, which is already listed in Hong Kong, may also consider the United States as its primary listing venue. Representatives of the luggage manufacturer declined to comment. JPMorgan Chase and Morgan Stanley also declined to comment. In August of this year, the SAMSONITE board approved plans for a dual listing in two locations, stating that the United States is suitable based on the company's "global footprint, growth momentum, and strategic focus". Previous reports indicated that the company had explored the possibility of a privatization deal, but investment funds considered the price too high and therefore abandoned the acquisition. In the first half of 2024, SAMSONITE had a net profit of $164 million and net sales of $1.77 billion. The company's stock price has already fallen by 26% this year, with a market value of approximately HK$27 billion (US$3.5 billion).