Levi Strauss & Co fetched a higher price than expected in its initial public off...
- Levi Strauss & Co fetched a higher price than expected in its initial public offering on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company.
The company, which claims to have invented blue jeans in the 19th century and is named for the man who founded it in 1853, is set to debut on the New York Stock Exchange on Thursday under the ticker “LEVI”. The popularity of denim is surging, driven by new styles such as high-waist and pinstriped jeans. Earlier this month American Eagle Outfitters Inc and Abercrombie & Fitch Co posted strong results boosted by denim sales.
Founder Levi Strauss moved to San Francisco in 1853 during the California gold rush, opening a dry goods business.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Levi Strauss prices IPO at $17 a share
और पढो »
Levi Strauss prices IPO at $17 a share, will raise more than $600 millionLevi Strauss & Co. priced its initial public offering at $17 a share Wednesday afternoon, and will raise more than $600 million. The iconic San Francisco...
और पढो »
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.
और पढो »
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.
और पढो »
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.
और पढो »
Levi Strauss prices IPO at $17 a share, will raise more than $600 millionLevi Strauss & Co. priced its initial public offering at $17 a share Wednesday afternoon, and will raise more than $600 million. The iconic San Francisco...
और पढो »
Levi Strauss prices IPO at $17 a share
और पढो »
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.
और पढो »