Levi Strauss is Planning for an IPO that Values Company up to $5 Billion

According to sources close to the situation, Levi Strauss is looking to raise in between $600 to $800 million in an IPO and is targeting the first quarter of 2019 to make it happen.

The sources have said that the 145 year old denim company is aiming for a valuation of up to $5 billion and Goldman Sachs and J.P. Morgan are expected to manage the deal.

The San Francisco-based company goes back as far as 1853 when Levi Strauss moved from Bavaria to
California during the gold rush. According to the company, it was when one of his customers partnered with Strauss to patent the idea of using rivets to make pants last longer, that jeans were born.

The company is currently privately held by the descendants of the family of Levi Strauss.

Levi’s as well as J.P. Morgan and Goldman Sachs have declined to comment.