Deals
Levi Strauss IPO Orders Are Directed Above Price Range
Pedestrians walk in front of the Levi Strauss & Co. flagship store in San Francisco on March 18.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
The Levi Strauss & Co. initial public offering has gotten a warm reception from investors, who are being advised to place their orders above the publicly disclosed offering range, according to a person familiar with the matter.
The jeans maker is offering shares at $14 to $16 each in an IPO that’s expected to price on Wednesday after the market closes. Raising up to $675 million, it could become the year’s largest U.S. listing to date. A total of 36.67 million shares are being offered, with the company offering 9.47 million of those and the remainder coming from existing holders.