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Levi Strauss prices IPO at $17, above the range


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Levi Strauss & Co., the world's largest denim apparel brand, raised $623 million by offering 36.7 million shares (74% insider) at $17, above the $14 to $16 range. At pricing, the company will command a fully diluted market value of $6.9 billion and an enterprise value of $7.5 billion. Levi Strauss & Co. plans to list on the NYSE under the symbol LEVI. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Morgan Stanley and Evercore ISI acted as lead managers on the deal.

The article Levi Strauss prices IPO at $17, above the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs




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