Levi Strauss shares surge in return to stock market

Levi Strauss shares surge in return to stock market

Shares in Levi Strauss surged 31 per cent in their debut on Thursday, giving the jeans maker a market value of $8.7 billion. Levi Strauss hopes to use a part of the proceeds from the IPO to expand in emerging markets such as Brazil, China and India. Levi accounted for 5 per cent of the global jeans market in 2018.

KCooper
KCooper
Top in Business
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