SoFi Blog

Tips and news—
for your financial moves.

womens jeans

The Company Chat: A Look at Levi’s Pair of IPO’s

On March 21, the floor of the New York Stock Exchange was full of traders wearing denim jackets and blue jeans. No, it wasn’t casual Friday (in fact, it was a Thursday). The occasion for breaking their strict dress code? Levi Strauss, the iconic jeans maker, was going public after a 30-year hiatus from the markets.

In a season of roller coaster initial public offerings (IPOs) for upstarts, like Lyft and Uber, the 165 year-old brand had a more streamlined debut. Levi Strauss shares soared 30% in the first day of trading, increasing from $17 to more than $22 per share.

(The company’s bankers had initially advised Levi to price its shares even lower, between $14 and $16, apparently underestimating Wall Street’s demand.) The company’s valuation surged from $6.6 billion to $8.7 billion as a result.

In all, the company offered 36.7 million shares , raising $623.3 million, in the offering. Fittingly, it is trading under the ticker symbol “LEVI.” As of mid-June 2019 , the share price was at $21.49 with a market capitalization of $8.4 billion.

The Levi’s brand has stood the test of time (who doesn’t love a pair of 501 jeans?). Here’s a bit of background about this company’s colorful history and why it went public, then private—then public again.

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couple with RV trailer

5 Reasons an RV Is Ideal for Summer Travel

In a perfect world, going on vacation wouldn’t mean sacrificing all the comforts of home. It would be possible to experience new places without ever feeling like you’ve left anything behind. House sharing and interesting new vacation rentals have come close to solving this problem, but there might be an even better solution.

Driving around the country this summer in a recreational vehicle (RV) might just be the way to hit the road. With loads of options from small vintage-inspired teardrop trailers all the way up to rolling mini-mansions, you’ll probably find something that fits your needs in an RV for summer travel.

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Having a Pet While in College

Imagine having a furry friend by your side as you navigate your classes and new relationships in college. Sounds comforting, doesn’t it? While this is a nice idea, having a pet is a lot of work, and there are several things to consider before getting a dog in college: Can you be a full time student and also take care of a dog? Will you have enough time? Can you afford it?

That being said, if you’re committed, the benefits of having a dog in college, especially the mental health benefits, may outweigh the cons.

There are, of course, other pets to consider besides dogs—cats, iguanas, ferrets—each with their own considerations, but we will focus on canines. Here is what you need to know to help you decide if having a dog in college is right for you.

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Hidden Costs of Buying a Home

You can see it now. You’re enjoying a leisurely brunch in the sun-soaked breakfast nook in your brand new home. It’s completely perfect, but just a daydream until you buy the house. Envisioning your life as a homeowner is exciting, full of promise and anticipation.

Finding your next home and discovering all the blissful possibilities of having more room, the perfect kitchen, or a new lifestyle suited exactly to your personal taste is an exciting endeavor. But such a quest may also bring with it a host of stressful challenges, not the least of which are the hidden costs of buying a home.

But fear not, you can do it. Even if you’ve never owned a home before—with a determined mindset and some thorough preparation, you can face down those hurdles associated with buying a home and make your way to the finish line. One key to achieving your goal is to do your homework.

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Finding The Perfect College Part-Time Job For Your Major

A lot of factors go into planning a college career—applying for financial aid, choosing a major, and even figuring out whether you need to get a job. It’s enough to make your head spin.

If you do decide to work, there might be some significant benefits in finding the right part-time job for your college years, including:

•   Paying for unexpected expenses: You might need to pay for membership dues for a club you want to join, clothing, or extra cups of coffee during finals week.

•   Job experience: Part-time jobs might provide you with experience in your chosen field.

•   Advantages in hiring: Employers, post-graduation, might prefer to hire entry-level professionals who already have some industry-relevant work experience.

So, how do you find the right part-time job during college? When is the right time to find that job? It could be when you’re still applying to schools or after you’re already established in at your chosen college. Whenever you’re looking, here are some ideas for finding the right fit for you.

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