Levi Strauss & Co. is prepping an IPO that could raise between $600 million and $800 million at a valuation of around $5 billion (or perhaps $5.01 billion?), according to CNBC.
Why it matters: There aren't too many 100 year-old companies around, let alone 145-year old companies that remain iconic and successful. Plus Levi's isn't only a fashion trailblazer, it has also completed one of the largest-ever IPOs at the time of issuance ($50m in 1971) and a then-massive take-private leveraged buyout ($1.7 billion in 1984).