Press "Enter" to skip to content

Levi Strauss Shares Surge 31 Percent in Return to Stock Market

(Reuters) – Shares in Levi Strauss & Co surged 31 percent in their debut on Thursday, giving the U.S. jeans maker a market value of $8.7 billion and indicating a strong investor appetite ahead of much-awaited listings from Lyft and Uber Technologies. The 165-year-old company’s return to the public market comes at a time when stocks are near all-time highs and the popularity of denim is surging, driven by the resurgence of the 90s styles such as high-waist and pinstriped jeans. The self proclaimed inventor of the blue jeans, which has grown to become one of the world’s most […]

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *