Reuters: Private Equity: UPDATE 1-Tumi shares soar in market debut

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UPDATE 1-Tumi shares soar in market debut Apr 19th 2012, 14:05 April 19 | Thu Apr 19, 2012 10:05am EDT April 19 (Reuters) - Tumi Holdings' shares opened 44 percent above its offer price, a day after the luxury bags maker priced its shares above its intended range. 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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