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Premium luggage manufacturer Tumi prices at $18, above the range

April 18, 2012

Tumi, which designs premium travel and business luggage, briefcases and accessories, priced its 18.8 million share IPO at $18, above the $15-$17 range. The stock is set to list on the NYSE under the symbol "TUMI" on Thursday. Goldman Sachs, Credit Suisse and JPMorgan were the bookrunners on the offering.