NEW YORK — Shares of Tumi Holdings Inc. fell 3.3 percent after investors began digesting information from a regulatory filing that some shareholders plan to hold a secondary offering.
According to a registration statement, or Form S-1, filed with the Securities and Exchange Commission Tuesday, slightly more than 11.6 million shares are being sold at a proposed offering price of $22.87, with a maximum aggregate price range of $265.6 million. The 11.6 million shares include 10.1 million shares of common stock from the selling stockholders plus an option for the underwriters to purchase an additional 1.5 million shares.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"