Levi Strauss seeks $6.2 billion valuation in market return

📆 11.03.2019 19:24:00
📰 CNBC

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Levi Strauss said on Monday it expects to raise as much as $587 million through an initial public offering, giving it a value of up to $6.17 billion as the jeans maker returns to the market after three decades.

The company, which has 385.5 million shares outstanding, said it expects to offer 36.7 million shares priced between $14 and $16 per share.

In its regulatory filing, Levi Strauss said the proceeds from the listing can be used for future acquisitions that will enhance its portfolio of brands, but has no immediate plans of any takeover. The 165-year-old company, known for inventing blue jeans, said it wants to evolve into a full-fledged global lifestyle leader for both men and women.

With its IPO filing, the company joins a list of high-profile companies seeking to go public this year, including ride-hailing companies Uber and Lyft, photo-posting app Pinterest and home-renting company Airbnb.

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Anti-2nd Amendnent.

The math on these things is seriously confusing. If we removed all the inflated PE ratios I wonder what our economy would really be worth?

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Levi Strauss seeks $6.2 billion valuation in market returnLevi Strauss & Co said on Monday it expects to raise as much as $587 million thr...
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