Levi Strauss looks to raise as much as $587 mn through IPO

Jeans-maker Levi Strauss & Co on Monday said it expects to raise up to $587 million through its Initial Public Offering (IPO). The inventor of blue jeans looks to offer 36.7 million shares priced between $14-$16, giving it a value of up to $6.17 billion. The IPO would mark the 145-year-old company's return to public markets after over three decades.