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Outside the Box: Levi Strauss IPO: Stock looks undervalued

Blue jeans maker Levi Strauss & Co. is expected to IPO on Thursday. At a price range of $14-$16 per share, the company plans to sell up to $150 million of shares with an expected market cap of around $5.8 billion. Current shareholders will also sell up to $435 million of shares in the IPO.

At the midpoint of the IPO price range, Levi Strauss LEVI, +0.00% currently earns our Very Attractive rating.

Unlike the vast majority of recent IPO’s, Levi Strauss is highly profitable and relatively cheap. However, the high number of insiders selling shares in the IPO should give investors pause.

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