Neiman Marcus files For IPO With A Nominal $100 Million goal

August four, 2015

Neiman Marcus IPO Filing 2015

luxurious style retailer Neiman Marcus group Inc filed an preliminary public offering discover with U.S. regulators on Tuesday.

the corporate has set a nominal fundraising goal of $ 100 million throughout the sale of standard inventory.

Backed via the Canadian Pension Plan funding Board and Ares administration LP, among others, the company plans to sell its inventory underneath the ticker “NMG” in keeping with the U.S. Securities and change commission.

Neiman Marcus stated revenues of $ 4.eight billion for fiscal yr 2014. the company during the end of its fiscal 0.33 quarter has posted 22 straight quarters of certain quarterly related gross sales growth, at a standard raise of more than 6 p.c.

Underwriters for the IPO have now not been named at this time.

whereas the corporate has set a nominal $ 100 fundraising time table, that estimate is simplest used to calculate registration fees and could trade at the time of the corporate’s precise IPO launch.

the corporate plans to rework 23 of its 43 full-price retailers and is scouting alternatives to open extra retailers in the U.S. the company has already deliberate two new locations in the big apple.

along with its 41 namesake store’s the company also operates two Bergdorf Goodman locations.

Neiman Marcus filed an IPO two years in the past however backed down after the Canada Pension Plan investment Board bought the division store for $ 6 billion.

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