Levi’s to return to Stock Exchange
The company filed paperwork with the Securities and Exchange Commission last week but has not yet set a price range or goal for how much it aims to raise, using the placeholder sum of $100 million in its prospectus.
Levi’s, which applied to trade on the New York Stock Exchange under the ticker symbol “LEVI”, had posted a revenue of US$5.58 billion (AU$7.8 billion) in 2018, a 14 per cent increase from the previous year.
The company mentioned 12 underwriters on the deal led by Goldman Sachs & Co. and added it plans to use the proceeds for “general corporate purposes” including operating expenses.
The 166-year-old brand operates 824 standalone stores, including 74 the retailer opened last year.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.