(Reuters) – Apparel maker Levi Strauss & Co is planning an initial public offering, CNBC reported https://cnb.cx/2zSjbDL on Wednesday, citing sources familiar with the matter.
The company, which plans to raise about $600 million to $800 million (£464 million to £618.5 million), is likely to go public in the first quarter of 2019, sources told CNBC.
The company, which makes Levi’s jeans, is aiming to debut with a valuation of about $5 billion, the report said.
Levi Strauss was not immediately available for comments.
(Reporting by Nivedita Balu in Bengaluru; Editing by James Emmanuel)