Levi Strauss IPO delivers more than expected


On his return to the US stock exchange, jeans maker Levi Strauss is worth $ 6.6 billion, or $ 17 per share. That is more than the $ 14 to 16 that the company itself had counted on.

With that price per share, “LEVI”, as the stock is known on the New York Stock Exchange, is the IPO that has yielded the most results so far this year. Probably the jeans maker can only enjoy the spotlight for a week, because next week Uber competitor Lyft will come to the stock exchange.

Levi Strauss, a company of almost a century and a half, was also listed on the stock exchange until 1985, and is now coming back. Levi could still bring in “$ 10 billion in sales,” said Chip Bergh.

By: Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at nicholas.dekramer@economicinform.com

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