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Levi Strauss valued at $6.6 billion as IPO prices above target

Updated : March 21, 2019 07:18 AM IST

The success of the IPO underscores the diverging fortunes of retail companies over the last few years. Vendors like Levi with consistently popular offerings have flourished as they reach more shoppers through online channels, while tens of thousands of brick-and-mortar stores have closed under pressure from e-commerce giants such as Amazon.com Inc.
With the stock market hovering near all-time highs, Levi said it priced its IPO at $17 share, just above its target range of $14 to $16, valuing the company at about $6.6 billion.
Levi Strauss valued at $6.6 billion as IPO prices above target

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