VF's remaining brands, which include Vans, The North Face, Timberland and others, will remain under the VF Corp parent company. The forward-looking statements involve risks and uncertainties and actual results may differ materially from those projected or implied. Total net proceeds to the Company from the offering, after deducting the underwriting discount and estimated offering expenses, will be approximately $149.
Over the last 10 years, global jeans sales have climbed at a 3. Certain statements contained in this release that are not historical information contain forward-looking statements. A total of 6, 525, 000 shares are being offered by the Company, and a total of 2, 175, 000 shares are being offered by a selling stockholder. 22 a share, after having priced its initial public offering at $17 a share the night prior. What year did wlh open their iso 9001. Credit Suisse, Citigroup and J. P. Morgan acted as joint book-running managers for the offering, and Zelman Partners LLC, Houlihan Lokey and Comerica Securities acted as co-managers for the offering. Levi Strauss has said in its IPO documents filed with regulators that it plans to use proceeds from its offering to invest further in its business, including potential acquisitions or strategic investments.
The Company and the selling stockholder have also granted the underwriters a 30-day option to purchase up to an aggregate of 1, 305, 000 shares of the Company's Class A Common Stock, including 652, 500 additional shares from the Company and 652, 500 additional shares from the selling stockholder, on the same terms and conditions. Levi Strauss' IPO won't be the last chance for public investors to buy shares in a jean company this year. NEWPORT BEACH, Calif. --( BUSINESS WIRE)--William Lyon Homes (the "Company") (NYSE:WLH) today announced the pricing of its initial public offering of 8, 700, 000 shares of the Company's Class A Common Stock at a price to the public of $25. Geographically, it expects further growth in China, where just 3 percent of its revenue came from in 2018. The newly public company, trading under the symbol "LEVI, " has an opportunity to improve market share with women beyond its core business of men's jeans. Its core markets include Orange County, Los Angeles, San Diego, the San Francisco Bay Area, Phoenix, Las Vegas and Denver. The Company markets and sells it homes under the William Lyon Homes brand in all of its markets except for in Colorado, where the Company operates under the Village Homes brand. The offering of these securities is being made only by means of a written prospectus forming a part of the effective registration statement. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Further, certain forward-looking statements are based on assumptions of future events which may not prove to be accurate. 5 percent compounded annual growth rate, slower than the entire apparel category, according to Bernstein analyst Jamie Merriman. Both new companies will sell jeans, along with other apparel.
Shares of blue jeans giant Levi Strauss & Co. surged 32 percent in their debut on the New York Stock Exchange, giving the company a market capitalization of $8. Blue jeans giant Levi Strauss & Co. began trading Thursday on the New York Stock Exchange at $22. The Company will not receive any proceeds from the sale of shares by the selling stockholder. For the year ended November 2018, Levi Strauss reported sales of $5. In 2017, singer Beyonce wore the brand's cutoff shorts for her headline performance at the Coachella music festival. According to the prospectus, members of the Haas family will sell more than 21 million shares in the IPO. Its men's business accounted for $4 billion of Levi's $5.
Those plans come even as the global jean industry has faced pressure from new competitors and alternatives like Lululemon Athletica leggings. The company had initially expected to price its offering between $14 and $16 a share. Levi Strauss is also eyeing further expansion through new stores, further wholesale relationships and building out its online sales. The 166-year-old company first went public in 1971, but has been private for the last 34 years.