Levi Strauss plans to raise up to $587M in IPO

Levi Strauss plans to raise up to $587M in IPO

SAN FRANCISCO (AP) — Levi Strauss plans to raise up to $587 million in an initial public offering of company shares.

The San Francisco company said Monday that it’s offering approximately 9.5 million shares, while selling stockholders are offering about 27.2 million shares.

The stock is expected to be priced between $14 and $16 each.
The underwriters will have a 30-day option to buy an additional 5.5 million shares from the company at the IPO price, minus underwriting discounts and commissions.

Continue reading Levi Strauss plans to raise up to $587M in IPO at STL.News.