Levi Strauss and Company expecting a rising up to as much as 587 Million US Dollars through the launching of their IPO, this would lead to a proclaimed value of as much as 6.17 Billion US Dollars.
Levi Strauss and Company reported the commencement of their starting public offering of around 36,666,667 shares from the A Class stock of their, which is priced somewhere between the 14 to 16 US Dollars for every share. In addition to these, the firm would also be offering as much as 9,466,557 shares of the A Class from the common stock while the stockholders, who want to sell, would be offering as much as 27’200’110 shares of this exact stock. The Underwriters would have an option of buying these 5’500’000 shares of this particular common stock within the next 30 days, that too at the IPO price from the company.
The demand for the denim has been at the rise since the rivals like the Abercrombie and Fitch as well as the American Eagle Outfitters published their strong financial results, all thanks to the tremendously high denim sales.
Levis has its plans to become a lifestyle brand all across the world for all sexes. The firm also plans to list in the NYSE as the “LEVI” ticker.
Goldman Sachs (NYSE: GS) and J.P. Morgan (NYSE: JPM) will go about as lead book running directors for the advertising. BNP Paribas Securities Corp., Citigroup, Guggenheim Securities, LLC, HSBC Securities (USA) Inc., Drexel Hamilton, LLC, Telsey Advisory Group, and The Williams Capital Group, L.P. will fill in as co-chiefs.
About Levi Strauss and Co. Levi Strauss and Co. structures and markets pants, easygoing wear and related extras for men, ladies and youngsters under the Levi’s®, Dockers®, Signature by Levi Strauss and Co.™, and Denizen® brands. Its items are sold in excess of 110 nations worldwide through a mix of chain retailers, retail chains, online destinations, and a worldwide impression of roughly 3,000 brand-devoted retail locations and shop-in-shops.