Levi Strauss sets terms for $550 million IPO

Shutterstock photo

Levi Strauss & Co., the world's largest denim apparel brand, announced terms for its IPO on Monday.

The San Francisco, CA-based company plans to raise $550 million by offering 36.7 million shares (74% secondary) at a price range of $14 to $16. At the midpoint of the proposed range, Levi Strauss & Co. would command a fully diluted market value of $6.1 billion.

Levi Strauss & Co. was founded in 1853 and booked $5.6 billion in sales for the 12 months ended November 25, 2018. It plans to list on the NYSE under the symbol LEVI. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Morgan Stanley and Evercore ISI are the joint bookrunners on the deal. It is expected to price during the week of March 18, 2019.

The article Levi Strauss sets terms for $550 million IPO 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

More from Renaissance Capital


Renaissance Capital

Renaissance Capital


Research Brokers before you trade

Want to trade FX?