FYI: Levi Strauss created the first pair1 of blue jeans in 1873. He went to San Francisco to make his money in the gold rush but found more success using denim and rivets to make pants that would last longer. They were actually called waist overalls until 1960 when baby boomers began calling them jeans.
In a world full of innovation and creative destruction it’s impressive the company has lasted as long as it has.
Yesterday the Levi Strauss & Co. went public by raising more than $600 million in an IPO which saw the stock price shoot up 30% or so on the first day of trading. The company is now valued at almost $9 billion. Levi’s was a public company in the 1970s and 1980s until going private in 1985.
Regards,
Ted
https://awealthofcommonsense.com/2019/03/why-are-ipos-oversubscribed/
