Thursday, February 14, 2019

Levi Strauss (Levi's) Plans for IPO with "LEVI" symbol on NYSE

World's largest Jeans maker Levi Strauss & Co filed documents to list on New York Stock Exchange on Wednesday. After a decade Levi's is seeking return to public market after turned private in 1984. The company first went to public in 1971.

The company to raise $100 million under the symbol "LEVI". After the final calculations the IPO size will be decided. Levi Strauss sells their products in 50000+ retail locations. They have 3000 standalone stores and shops-in-shops as well.

When we check the financial reports the company reported over 9% rise in sales to $1.59 billion. The shareholder who held the biggest shares are  Mimi Haas and Margaret Haas, descendants of Levi Strauss. The company IPO will handled by Goldman Sachs, JPMorgan, BofA Merrill Lynch and Morgan Stanley are part of a 12-member underwriting team.

Checkout the LEVI's IPO Filing: Click Here