Tumi Holdings (TUMI) IPO Ramps Higher

April 19, 2012 9:59 AM EDT
The IPO for Tumi Holdings, Inc. (NYSE: TUMI) is open for trading. Shares opened at $26 after pricing 18,779,865 shares at $18, above the expected $15-$17 range.

Goldman, Sachs & Co. and Credit Suisse Securities (USA) LLC, along with J.P. Morgan Securities LLC, are acting as joint book-running managers, and William Blair & Company, L.L.C. and Jefferies & Company, Inc. are acting as co-managers for the offering.

Tumi is the leading international brand of premium travel, business and lifestyle accessories. The brand is sold in 200 stores from New York to Paris to London and Tokyo, as well as the world’s top department and specialty stores and travel retail in over 70 countries.

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