Luxury department retailer Neiman Marcus files for IPO that could raise up to $1 billion

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Neiman Marcus, the leading luxury department retailer that operates 84 stores in the US, filed on Monday with the SEC to raise up to $100 million in an initial public offering. The $100 million is most likely a placeholder; we estimate that the offering could raise between $500 million and $1 billion. The Dallas, TX-based company, which was founded in 1907 and booked $4.5 billion in sales for the 12 months ended April 27, 2013, has yet to announce its exchange or its ticker. Credit Suisse was listed as the sole bookrunner on the deal. No pricing terms were disclosed.



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This article appears in: News Headlines , IPOs

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