SoFi Blog

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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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.

You can get a 0.25% interest rate reduction when you sign up to make automated payments from your checking or savings account. Learn more about SoFi’s autopay discount on our repayment options and examples page.

If you are an existing SoFi Member, you could get an additional 0.125% interest reduction on your SoFi Private Student Loan.

If you have taken out a private student loan with SoFi before, we’ll give you a 0.125% discount automatically when you take out your new loan.

Find out more about SoFi’s Member Rate Discount eligibility requirements here.

The faster you pay, the more you can save. For example, picking shorter loan terms can help you pay the loan off as quickly as possible. That can help you save on your overall interest charges, which helps reduce your total payments on your loan.

You can also get a 0.25% interest rate reduction when you sign up to make automated payments from your checking or savings account.

Learn more about SoFi’s autopay discount on our repayment options and examples page.

Repeat Borrower Discount: Members who have borrowed a private student loan from SoFi in the past qualify for a 0.125% interest rate reduction on new private student loans.**

^{*Existing eligible SoFi Members must either (1) be in good standing with their current and prior SoFi Home Loan, Personal Loan, Student Loan; (2)or maintain a minimum balance of $10,000 in their SoFi Invest account; (3) or have an open SoFi Money account with a minimum balance of $0; (3)and take out a new loan of a different product type than they currently have, can receive a 0.125% Interest Rate Discount on that new Personal or Student loan (home loans are not eligible for interest rate or auto pay discounts).
Existing eligible SoFi Members with a SoFi Personal Loan, Student Loan or who have a minimum balance of $50,000 in their SoFi Invest accounts at the time of application, can receive a one time $500 discount on SoFi’s $1,495 Home Loan Processing Fee on their first SoFi Home Loan. Based on regulatory requirements, the name of this fee may vary in certain states.
To be eligible for either of these discounts, member must be in good standing with their current and prior SoFi loans. SoFi reserves the right to change or terminate either of these discounts at any time with or without notice. For complete terms and eligibility, please visit SoFi.com/legal#MemberRateDiscount.}

^{**0.125% Return Borrower Rate Discount: Terms and conditions apply. Offer good for private student loan customers who have previously borrowed a private student loan from SoFi and are taking out a subsequent loan only, select a term and repayment type that is eligible for the discount, and is subject to lender approval. To receive the offer, you must: (1) complete a loan application with SoFi; (2) meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.125% rate discount because you have borrowed a private student loan from SoFi in the past. Offer good for existing private student loan borrowers only. Cannot be combined with other rate discounts, with the exception of the 0.25% AutoPay rate discount. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.}