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Luggage company Tumi Holdings files for a $300 million IPO

December 13, 2011

Tumi Holdings, which manufactures suitcases and other travel accessories, filed on Tuesday with the SEC to raise up to $300 million in an initial public offering. The South Plainfield, NJ-based company, which was founded in 1975 and booked $313 million in sales for the 12 months ended September 25, 2011, plans to list under the symbol TUMI. Goldman, Sachs & Co. and Credit Suisse are the lead underwriters on the deal. No pricing terms were disclosed.