Levi Strauss has fired the starting gun on its US stock market comeback, hoping investors will put a price tag of about $5bn on the inventor of blue jeans despite a competitive market for clothing.
The San Francisco-based company laid down plans on Wednesday to list on the New York Stock Exchange with the ticker LEVI, returning to the public market 34 years after it was taken private.
The group, which joins other companies including Uber, Lyft and Airbnb in targeting an initial public offering this year, did not confirm how much it would raise. People with knowledge of the IPO previously said it planned to tap investors for between $600m and $800m, valuing it at more than $5bn.
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