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Levi Strauss files for IPO

US denim brand Levi Strauss has confirmed plans to list on the New York Stock Exchange.

On 13 February, the brand filed documents stating its intention to launch an IPO under the name LEVI.

In November, US news network CNBC first reported that the maker of the first pair of jeans was looking to raise between $600m and $800m (£467m-£623m) – and could be valued up to $5bn (£3.9bn).

At present, the business is privately owned by decedents of the original Levi Strauss family, although the company’s Japanese affiliate Levi Strauss KK is publicly traded in Tokyo.

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