Levi Strauss is planning to go public: CNBC


FILE PHOTO – The label of a Levi’s denim jacket of U.S. company Levi Strauss is photographed at a denim store in Frankfurt, Germany, March 20, 2016. REUTERS/Kai Pfaffenbach

(Reuters) – Apparel maker Levi Strauss & Co is planning an initial public offering, CNBC reported cnb.cx/2zSjbDL on Wednesday, citing sources familiar with the matter.

The company, which plans to raise about $600 million to $800 million, is likely to go public in the first quarter of 2019, sources told CNBC.

The company, which makes Levi’s jeans, is aiming to debut with a valuation of about $5 billion, the report said.

Levi Strauss was not immediately available for comments.

Reporting by Nivedita Balu in Bengaluru; Editing by James Emmanuel

Products You May Like

Articles You May Like

Katowice COP24 Notebook: Protesters raise the alarm on climate
Paris in lockdown as France braces for new anti-Macron riots
Driver sobbed after learning he had killed woman at Virginia rally
Huawei CFO arrested in Canada for violating U.S. sanctions on Iran: report
Trump seen picking Army head Milley as next chairman of Joint Chiefs

Leave a Reply

Your email address will not be published. Required fields are marked *