Indra Bhattacharjee's Avatar
published in Blogs
Feb 14, 2019

Levis to finally to go public again

Levi Strauss's S-1 filing with the SEC on Wednesday made it clear the iconic American clothing company has finally decided to go public again. With this IPO, the company seeks to raise $100 million, with the intention to trade on the NYSE floor under the ticker LEVI.

The underwriting process for the IPO will be led by JP Morgan (JPM) and Goldman Sachs (GS). Levi Staruss’s net income up to Nov 25, 2018 stood at $285 million - up 1.4% from the previous year. Revenue for the same period was $5.6 billion, up 14.2% on y-o-y basis.

According to the company’s prospectus, it intends to use the IPO proceeds for different corporate purposes like meeting the working capital requirement, supporting operating expenses and capital expenditures or to finance acquisitions or other strategic investments.

The reason to go public after staying private since 1985 could possibly be a response to the changing fashion landscape, which the company has been allegedly struggling to keep up with. The move will now give more access to public investors to Levi’s stocks, at the same time giving the company additional funds to ramp up its business with respect to changing customer demand.

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John Jacques's Avatar
published in Blogs
May 16, 2022
A.I. Stock Market Predictions: Head & Shoulders

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Edward Flores's Avatar
published in Blogs
Apr 29, 2022
How to Become the Millionaire Next Door

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Sergey Savastiouk's Avatar
published in Blogs
May 16, 2022
When Is the Next Recession Coming?

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Sergey Savastiouk's Avatar
published in Blogs
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How to Start Trading Penny Stocks

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Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Dmitry Perepelkin's Avatar
published in Blogs
Mar 14, 2023
5 Habits that Lead to Successful Investing

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Allana's Avatar
published in Blogs
Mar 23, 2023
What’s the Difference Between Data Analytics and Machine Learning?

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Sergey Savastiouk's Avatar
published in Blogs
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4 Tips for Fast, Effective Stock Analysis

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With just a few clicks, an investor can search for individual stocks, categories of stocks, sectors, or investment themes, and then he or she can conduct a full range of technical and fundamental analysis within seconds.All powered by Artificial Intelligence.  Below, we give you 5 tips for fast, effective stock analysis using Tickeron’s Screener.
Sergey Savastiouk's Avatar
published in Blogs
Mar 20, 2023
5 Golden Principles in Investing

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Sergey Savastiouk's Avatar
published in Blogs
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The five most important Lessons Learned After 10,000 hours of Trading
Edward Flores's Avatar
published in Blogs
Mar 12, 2023
What's the Difference Between Tokens and Altcoins?

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Between their inherently technical nature, multiple varieties and sub-varieties, and endless terminology, cryptocurrency (defined here as digital or virtual currencies that are encrypted using cryptography, powered by the immutable digital ledger known as the blockchain) represents a whole, complex world.All altcoins possess their own blockchain, independent from their source code, that records all transactions of their native coins. Many altcoins are variants, or forks, of Bitcoin that leverage that cryptocurrency’s open-source protocol as the basis.