Levi Strauss & Co, a leading company of denim wear is planning an initial public offering as reported with leading media resource. The company plans to raise about $600 million to $800 million via IPO and may go to public in the first quarter of 2019 as reported with media company. However, the company has not comment on the development.
In its latest quarterly report, the company said sales rose 10 per cent to $1.39 billion and net income jumped 44 per cent, mainly due to demand for its jeans at both retail stores and online.
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