Levi Strauss files for IPO

Fashion mogul Levi Strauss filed for an initial public offering Tuesday, re-emerging as a public company since 1985, CNBC reports.

Details: In the San Francisco-based company's SEC filing, Levi plans to raise $100 million through the IPO. However, previous reports said the company could raise between $600 million and $800 million at a valuation of around $5 billion.