Levi Strauss & Co. Reports Launch of IPO

Levi Strauss & Co. expects to raise up to USD 587 Million through its IPO, proclaiming a value of up to USD 6.17 Billion. 

Levi Strauss & Co. announced that it has commenced its initial public offering of 36,666,667 shares of Class A common stock that will be priced between USD 14 and USD 16 dollars per share.  The company offers 9,466,557 shares of Class A common stock and stockholders that are willing to sell will offer 27,200,110 shares of Class A common stock.  Underwriters will have a 30-day option to buy another 5,500,000 shares of Class A common stock from the company at the IPO price.

Demand for denim is rising as rivals such as Abercrombie & Fitch (NYSE: ANF) and American Eagle Outfitters (NYSE: AEO) posted strong financial results partially due to high denim sales. 

Levi plans to be a global lifestyle brand for both sexes.  The company plans to list as the ticker “LEVI” on the New York Stock Exchange (NYSE). 

Goldman Sachs (NYSE: GS) and J.P. Morgan (NYSE: JPM) will act as lead book running managers for the offering.  BNP Paribas Securities Corp., Citigroup, Guggenheim Securities, LLC, HSBC Securities (USA) Inc., Drexel Hamilton, LLC, Telsey Advisory Group, and The Williams Capital Group, L.P. will serve as co-managers.

About Levi Strauss & Co. Levi Strauss & Co. designs and markets jeans, casual wear and related accessories for men, women and children under the Levi’s®, Dockers®, Signature by Levi Strauss & Co.™, and Denizen® brands. Its products are sold in more than 110 countries worldwide through a combination of chain retailers, department stores, online sites, and a global footprint of approximately 3,000 brand-dedicated retail stores and shop-in-shops.

3 Comments
  1. Nicholas Santiago 7 days ago
    Reply

    It looks like Levi Strauss is the next big IPO. It looks like the ticker is going to be $LEVI. Goldman and JPM are the lead underwriters. it is expected to open for trading on March 21st. I can’t wait for this one!

    • Anne Moffat 6 days ago
      Reply

      Because fast fashion is on the way out? Levi Strauss looks to deepen pockets with IPO as it aims to become cool again. $LEVI

  2. Glenn Herbert 7 days ago
    Reply

    Solid financials. Likely will sport a $10B+ market cap. Not a hidden small cap. Company started in 1853. $LEVI

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