Tumi Holdings Inc. could raise as much as $319 million in an initial public offering later this month, according to a regulatory filing Monday with the Securities and Exchange Commission.
The premium luxury lifestyle luggage and accessories firm said in the filing that the company and its selling stockholders are offering nearly 18.8 million shares at between $15 and $17 each, which would imply a market value of $1.15 billion. Shares of Tumi have been approved for listing on the New York Stock Exchange under the symbol TUMI. The company is expected to go public around April 19.
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?"