IPO

Proving investors still have a healthy appetite for a branded retail stock with potential for growth, luxury luggage and travel goods maker Tumi Holdings Inc. shares jumped almost 50 percent in its initial public offering last week.

Fashionistas and investors all want a piece of Michael Kors, with the designer's company raising $944 million after selling 47.2 million shares in its initial public stock offering. The offering was expected to price between $17 and $19 a piece, but strong demand pushed the price to $20 per share. Kors, an American designer who became a household name in recent years as a judge on "Project Runway," has been one of the top names in fashion for years. His Hong Kong-based company makes high-end handbags, shoes and clothing. The stock is set to begin trading on the New