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.