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Denim jeans giant Levi Strauss may have an IPO in the works

Published: 16:04 16 Nov 2018 GMT

Levi Strauss & Co logo on jeans
German immigrant Levi Strauss founded the company in 1853

Levi Strauss & Co, known as the designer of the first pair of blue jeans, is reportedly gearing up to go public.

The privately-held denim jeans company, founded back in 1853 by German immigrant Levi Strauss, is aiming to go public around the first quarter of 2019, according to a CNBC report.

Strauss family took company private in 1984​

The company is looking to raise between $600 million to $800 million and could debut with a $5 billion valuation.

The Goldman Sachs Group Inc (NYSE:GS) and JPMorgan Chase & Co (NYSE:JPM) have reportedly been in talks to manage the deal.

Levi’s went public previously in 1971 and raised around $50 million, but the family of Levi Strauss took the company private in 1984 in a $1.7 billion leveraged buyout.

 

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter@LenoreMariee

 

 

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