The label of a Levi’s denim jacket of U.S. company Levi Strauss is photographed at a denim store in Frankfurt, Germany, March 20, 2016.
The company expects to offer 36.7 million shares priced between US$14 and US$16, giving it a market value of about US$6.17 billion, at the higher end of the range. With its IPO filing, the company joins a list of high-profile companies seeking to go public this year, including ride-hailing companies Uber Technologies and Lyft, photo-posting app Pinterest and home-renting company Airbnb.
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