Tumi shares soar in market debut
The company, which makes and sells high-end performance luggage and business cases and bags, had priced its offering of 18.8 million shares at $18, above its intended range of $15 to $17 each.
Goldman Sachs and Credit Suisse acted as the representatives of the underwriters for the offering.
Shares of the company were trading at $26.12 on the New York Stock Exchange on Thursday morning.
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