Not vested
Samsonite (1910), goes public today. The luggage maker has fixed its price at the bottom of its indicative range - HK$14.5 per share.
The oversubscription rate of the retail tranche was less than one time.
Those who applied for a minimum lot of 300 shares will get their full allocation. Samsonite is priced at 13 times its 2012 expected earnings, so it's not expensive.
If the stock drops below its IPO price on debut, it could prove to be a good bargain in the medium term.
Source: The Standard HK