Levi Strauss shares soar after company's second IPO — four experts react

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Levi Strauss' initial public offering marks a new era for the 166-year-old denim company, Wall Street experts say.

div > div.group > p:first-child"> Shares of the 166-year-old denim company ended trading nearly 32 percent higher on Thursday following the company's second-ever IPO. Levi Strauss first went public in 1971 before going private for over three decades.

Roxanne Meyer, senior research analyst at MKM, argued that Levi's other segments will likely also drive big returns:

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A rush of new IPO's, a federalreserve on the sidelines, an insane POTUS, deregulation of Dodd-Frank, incompetence in all levels of trade negotiations by declaring national security threats, a weakening EU, flat yield curves, no immigrants to fill jobs... 55% think that's crazy

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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. Do people still wear that ugly uncomfortable shit?
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