Levi Strauss seeks to raise up to $800 million in IPO: Report

Levi Strauss seeks to raise up to $800 million in IPO: Report

Levi Strauss & Co., the global US jeans maker, may soon come out with an initial public offering (IPO) in the first quarter of 2019 to raise $600 million to $800 million, CNBC reported. The company is aiming for a valuation of more than $5 billion, according to the report and is working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on its IPO plans. Today, the company, which is closely held by descendants of the family of Levi Strauss, sells its apparel across the globe and reported 2017 sales of $4.9 billion.

Read More at Livemint News date : 15 Nov 2018, Thursday

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