Neiman Marcus IPO: Again?

If Neiman Marcus actually goes public this time, will you be a buyer of the stock?

Luxury department store Neiman Marcus on Tuesday August 4, 2015 filed plans for an initial public offering for the second time in two years.  Neiman Marcus's previous owners, TPG Capital and Warburg Pincus first planned to take the company public in July 2013, but decided instead to sell the company to CPPIB and Ares Management for $6 billion.

Their news release from Tuesday stated, “Neiman Marcus Group, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.”

Neiman Marcus Investor Relations

http://phx.corporate-ir.net/phoenix.zhtml?c=118113&p=irol-sec

Learn more about Neiman Marcus financials here on Apparel Search.

For over a century, The Neiman Marcus Group has stayed focused on serving the unique needs of the luxury market. Today, that commitment is stronger than ever. They have stayed true to the principles of their founders – to be recognized as the premier luxury retailer dedicated to providing their customers with distinctive merchandise and superior service. The Company offers upscale assortments of apparel, accessories, jewelry, beauty and decorative home products to the affluent consumer. The Company operates 41 Neiman Marcus Stores across the United States and two Bergdorf Goodman stores in Manhattan. The Company also operates thirty Last Call clearance centers and twelve Last Call Studios as well as six CUSP stores. These store operations total more than 6.8 million gross square feet. The Company conducts direct to consumer operations under the Neiman Marcus, Bergdorf Goodman, Last Call, Horchow, CUSP and mytheresa brand names.

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