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

By Renaissance Capital,

Shutterstock photo

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks:

More from Renaissance Capital


Renaissance Capital

Renaissance Capital

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by