Levi’s filed documents to list itself on the New York Stock Exchange on Wednesday. This will mark its first return to public markets in over three decades.
The jean maker now faces rapid changes in consumer tastes, as people move more to the cheaper alternatives and athlesiure apparel.
Levi’s, which is over 145 years old, intends to list on the market as ‘LEVI’, and has placed $100 million as a placeholder amount to indicate the size of the IPO. The actual amount could change.
In November, a CNBC report indicated said that the company could be valued at $5 billion when it debuts.
