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Levi Strauss seeks to raise $587M in IPO

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Jeans maker Levi Strauss is expecting to raise $587 million in its initial public offering.

The company plans to issue 36.7 million shares prices $14-$16 this year. That would make its market value about $6.2 billion.

Levi Strauss will list on the New York Stock Exchange under LEVI.

Read more from Reuters.

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