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Levi Strauss prices IPO at $17, above the range

March 20, 2019
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Levi Strauss & Co., the world's largest denim apparel brand, raised $623 million by offering 36.7 million shares (74% insider) at $17, above the $14 to $16 range. At pricing, the company will command a fully diluted market value of $6.9 billion and an enterprise value of $7.5 billion. Levi Strauss & Co. plans to list on the NYSE under the symbol LEVI. Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Morgan Stanley and Evercore ISI acted as lead managers on the deal.