$LEVI

Levi Strauss & Co.’s (NYSE:LEVI) is betting it can convince investors there is still room for global growth left for the 165-year old company, but managed money see the iconic US blue jeans maker’s stock may be too pricey to generate a decent return.

The San Francisco-based company returned to the public markets Thursday for the 1st time since it went private through a leveraged buyout in Y 1985 with a stock debut that sold $587% worth of shares and gave it a market value of more than $8.7-B.

In its prospectus, Levi’s said it plans to expand its women’s clothing line and grow in markets such as China, which represented just 3% of its net sales in Y 2018.

The company’s IPO was priced at 17/share, and the shares (LEVI) closed up 5.41 at 22.41 on the day.

We here at HeffX-LTN see it a mature company that already has broad distribution and its customer base is shrinking because department stores are shrinking.

Stay tuned…

  Clothing, Company, customer, denim, Department, expansion, fund, IPO, jeans, LEVI, markets, mature, shrinking, stores

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