Levi eyes £4billion float

JEANS maker Levi Strauss is to return to the US stock market more than 30 years after being taken private.

The denim maker filed paperwork for an initial public offering on the New York Stock Exchange, and said it will trade under the ticker ‘Levi’.

The San Francisco-based firm is expected to seek as much as £622m, valuing it at around £4bn.

It first went public in 1971, but was taken private in 1985. The company, which patented blue jeans in the 1870s, has a 12-member underwriting team, including Goldman Sachs and Morgan Stanley.