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2/13, 4:07 PM (Source: TeleTrader)
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Levi Strauss files for IPO on NYSE

Jeans-maker Levi Strauss and Co. filed on Wednesday for an initial public offering of shares of its Class A common stock on the New York Stock Exchange.

The 165-year old company intends to be listed under the ticker symbol "LEVI." The number of shares to be offered and the price range have not yet been determined, it said in a statement, though some media outlets estimate it will not exceed $100 million.

Earlier, it was reported that Levi Strauss was planning an IPO at a valuation of more than $5 billion. The famous clothing manufacturer has gone public for the first time in 1971 in one of the biggest IPOs ever, and taken private 13 years later by the descendants of the company's founder, after whom it was named, at $1.7 billion.

Breaking the News / NI