Levi Strauss shares surge, as jean giant makes return to the public market
Blue jeans giant Levi Strauss & Co. began trading Thursday on the New York Stock Exchange at $22.22 a share, after having priced its initial public offering at $17 a share the night prior. The company had initially expected to price its offering between $14 and $16 a share. Levi Strauss on Wednesday night priced its initial public offering at $17, topping original expectations of between $14 and $16 a share.