Levi Strauss goes public again
Levi Strauss announced its return to the stock market, jumping more than 30% in initial trading. The initial public offering raised USD623m through the sale of 36.7m shares at USD17 each, topping an indicated price range of USD14 to USD16 a share. They opened at USD22.20 and were trading at USD22.67 by midday, giving Levi's a market value of USD8.6bn.
The success of the IPO bodes well for a long line of companies hoping to go public.
article on the financial history of levi strauss
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