Levi Strauss shares are in demand as the blue jeans maker returns to the stock market after a 34-year absence.
The clothing retailer priced its initial public offering on Wednesday at $17 per share, valuing the company at about $6.6 billion. That's higher than the price range of $14 to $16 that the company had previously set. The offering will raise $623 million for the San Francisco-based inventor of blue jeans. It's just one in a series of high-profile IPOs expected to hit US markets this year.
"We are focusing our product design and marketing efforts to reshape our global consumer perceptions from a US men's bottoms-oriented company to a global lifestyle leader for both men and women," it said in a February regulatory filing.Levi's says the iconic fit of its 501 jeans has stayed popular over the years and is continously updated to"remain relevant.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's why Levi Strauss, the world's biggest denim brand, is going publicFor the first time in more than three decades, investors can buy shares of Levi Strauss & Co., the world's biggest jeans seller.
Read more »
Levi Strauss IPO comes as denim market braces for year of corporate shakeupsLevi Strauss is expected to begin trading on Thursday. The move comes as its next closest U.S. competitors, VF Corp and Gap Inc., plan corporate shake-ups of their own and customers shift their shopping habits.
Read more »
Levi Strauss IPO seeing high demand, more than 10 times oversubscribed: SourcesBlue jeans giant Levi Strauss & Co.'s Thursday initial public offering is more than 10 times oversubscribed, sources familiar tell CNBC.
Read more »
Levi Strauss prices IPO at $17 a share
Read more »
Levi Strauss prices IPO at $17 a share, will raise more than $600 millionLevi Strauss & Co. priced its initial public offering at $17 a share Wednesday afternoon, and will raise more than $600 million. The iconic San Francisco...
Read more »
Levi Strauss valued at $6.6 billion as IPO prices above targetLevi Strauss & Co fetched a higher price than expected in its initial public off...
Read more »
Levi Strauss valued at $6.6 billion as IPO prices above targetLevi Strauss & Co is coming back to the stock market after more than three decades with a valuation of $6.6 billion $LEVI
Read more »
Beto O'Rourke says he raised $6.1M online in 1st 24 hoursWASHINGTON (AP) — Beto O'Rourke's Democratic presidential campaign says he raised more than $6 million online during the first 24 hours after he announced his White House bid last week.
Read more »
O'Rourke reports massive $6.1M fundraising haul in first 24 hours of campaignFormer Texas Rep. Beto O’Rourke raised $6.1 million dollars in the first 24 hours after launching his presidential campaign, crushing the first day hauls of many of his Democratic competitors
Read more »
O’Rourke raises $6.1M in campaign’s first day - Reuters TVBeto O'Rourke's campaign announced Monday that the former Texas congressman raised $6.1 million in his first 24 hours as a presidential candidate.
Read more »