Back in Fashion: Levi Strauss Joins Silicon Valley Decacorns in a Mega Year for IPOs
11 March 2019 7:56 PM IST
Thanks to a resurgence of the denim-obsessed '90s style, the 165-year-old denim maker is back on the market.
- Despite a rocky start in Washington , 2019 is set to be a busy and exciting year of multi-billion-dollar startup IPOs, led by Silicon Valley decacorns (companies valued at over $10 billion) such as Uber , Lyft and Pinterest.
- Through the IPO, Levi’s plans to raise $587 million, which will value the company at $6.17 billion, putting it in the same range of major department store chains such as Macy’s and Nordstrom.
- Levi’s has seen significant growths in recent reporting periods.
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