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On your mark: Neiman Marcus files for a $100 million IPO

August 4, 2015
NMG

Neiman Marcus, which is leading luxury department retailer that operates 91 stores in the US, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $800 million.

The Dallas, TX-based company, which was founded in 1907, plans to list under the symbol NMG. No underwriters or pricing terms were disclosed.