Samsonite Said to Cut Maximum Amount Sought in Hong Kong IPO

Samsonite International SA, the luggage maker backed by London-based CVC Capital Partners Ltd., cut the maximum size of a Hong Kong initial public offering by 11 percent to about $1.3 billion, two people with knowledge of the matter said.

Samsonite narrowed the IPO price range to HK$14.50 to HK$15.50 a share, from HK$13.50 to $HK17.50 previously, said the people, who declined to be identified because the information is private. The final price is scheduled to be set tomorrow, according to the offering’s prospectus.