Levi Strauss & Co., which designs and sells jeans, jackets, and other apparel, filed on Wednesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $750 million.
The San Francisco, CA-based company was founded in 1853 and booked $5.6 billion in sales for the 12 months ended November 25, 2018. It plans to list on the NYSE under the symbol LEVI. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Morgan Stanley and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.
Members of IPO Pro received a story that Levi Strauss & Co. were on the move towards an IPO two weeks ago. Read that article, and follow upcoming IPOs with a free 7-day trial of IPO Pro now.
