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Report: Levi Strauss investors asked to raise IPO orders above price range

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Report: Levi Strauss investors asked to raise IPO orders above price range

Levi Strauss & Co.'s IPO subscribers are being advised to place their orders above the publicly disclosed price range ahead of the public listing, Bloomberg News reported March 19, citing a person familiar with the matter.

The U.S. jeans maker earlier priced its offering at $14 to $16 per share, hoping to raise as much as $586.67 million.

Bloomberg said a spokesperson for Levi Strauss declined to comment on the matter.

The company is set to go public March 20.