Levi Strauss Files Plan To Take Company Public

CNBC reports:

Levi Strauss filed the paperwork for an initial public offering Wednesday. The iconic denim company plans to list on the New York Stock Exchange with the ticker “LEVI.”

According to its SEC filing, the San Francisco-based company plans to raise $100 million through the IPO, a placeholder amount used to calculate fees, but CNBC’s Leslie Picker previously reported that the company is aiming to raise between $600 million and $800 million.

Levi’s went public for the first time in 1971, but descendants of the founder took the company private again in 1985. Since then, the company has struggled in the face of changing fashion trends and a highly competitive landscape but has staged a comeback since Chief Executive Officer Chip Bergh took the reins in 2011.

Levi Strauss was among the first major corporations to publicly support LGBT rights. They remain, arguably, our fiercest corporate ally.

The iconic jeans company Levi Strauss has filed for IPO https://t.co/3CEo5LHsyz pic.twitter.com/WpnjP1fjyF

— MarketWatch (@MarketWatch) February 13, 2019