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Levi Strauss IPO: Stock looks undervalued

David Trainer
Levi Strauss IPO: Stock looks undervalued

Blue jeans maker Levi Strauss & Co. is expected to IPO on Thursday. At a price range of $14-$16 per share, the company plans to sell up to $150 million of shares with an expected market cap of around $5.8 billion. Current shareholders will also sell up to $435 million of shares in the IPO.