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Levi Strauss & Co. IPO: 5 things to know about the iconic jeans company

Tonya Garcia
Levi Strauss & Co. IPO: 5 things to know about the iconic jeans company

Levi Strauss & Co. began as a dry goods business in San Francisco in 1853, invented blue jeans 20 years after that, and now, nearly 150 years later, has filed for its second initial public offering. Levi Strauss announced Wednesday afternoon that it will sell at least 36.7 million shares at $17 apiece, raising about $623.3 million at a valuation topping $6.5 billion. The price is higher than Levi’s expected leading up to the IPO, as it had stated a range of $14 to $16.