Levi Strauss makes its debut on the NYSE

Levi Strauss & Co. officially made its return to the stock market today, with the price of its shares surging over 30 percent when trading opened in New York. The American denim brand had announced the pricing of the initial public offering of 36,666,667 shares at 17 dollars per share, however they traded this morning at 22.22 dollars per share. This values the company at 8.7 billion dollars.