NEIMAN MARCUS FILES FOR IPO
Neiman Marcus wants to go public.
The upscale department store filed papers yesterday with the Securities and Exchange Commission for a $100 million initial public offering, its second attempt to be listed on a stock exchange since 2013. The $100 million figure could potentially change if the IPO is approved and moves forward.
If approved, Neiman Marcus would be traded under the ticker symbol NMG.
The store’s first attempt to go public, filed in June 2013, ended when Ares Management and Canadian Pension Plan Investment Board acquired it for $6 billion.
Ginger Reeder, Neiman’s vice president of corporate communications, told MR that the company could not comment on the S-1 filing or IPO due to regulatory reasons.
Dallas-based Neiman Marcus operates 41 Neiman Marcus stores across the United States and two Bergdorf Goodman stores in Manhattan. It also operates thirty Last Call clearance centers and 12 Last Call Studios as well as six Cusp stores.
