Levi Strauss & Co. priced its initial public offering at $17 a share Wednesday afternoon, and will raise more than $600 million. The iconic San Francisco...
Levi Strauss & Co. LEVI, +0.00% priced its initial public offering at $17 a share Wednesday afternoon, and will raise more than $600 million. The iconic San Francisco blue-jeans company had expected to price shares at $14 to $16, according to an earlier filing with the Securities and Exchange Commission. The company said it would sell about 36.7 million shares, with roughly 9.5 million coming from the company and about 27.2 million coming from selling stockholders, for a total raise of $623.
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Levi Strauss prices IPO at $17 a share
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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.
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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.
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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.
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Levi Strauss prices IPO at $17 a share
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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.
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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.
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