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BREAKING NEWS

BREAKING NEWS

Levi Strauss is planning to go public - CNBC

Levi Strauss is planning to go public - CNBC
The label of a Levi's denim jacket of U.S. company Levi Strauss is photographed at a denim store in Frankfurt, Germany, March 20, 2016. REUTERS/Kai Pfaffenbach -
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Kai Pfaffenbach(Reuters)
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(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)

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