Levi Strauss expects IPO will raise up to $587-million GlobeBusiness
Levi’s, one of the world’s biggest denim brands and the inventor of blue jeans, faces rapid changes in consumer tastes as people shop for cheaper brands and athleisure apparel.With its IPO filing, the company joins a list of high-profile companies seeking to go public this year, including ride-hailing companies Uber Technologies and Lyft, photo-posting app Pinterest and home-renting company Airbnb.
The 145-year-old Levi Strauss intends to list as “LEVI” on the New York Stock Exchange, it said in a filing. Goldman Sachs, JPMorgan, BofA Merrill Lynch and Morgan Stanley are part of a 12-member underwriting team handling the IPO.
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