Neiman Marcus refiles for IPO with $100M placeholder amount

Neiman Marcus said it intends to list its common stock under the symbol “NMG”.

Neiman Marcus reported $4.8 billion in revenue for 2014, thanks largely to its acquisition of online shopping site MyTheresa. Ares Management, L.P. and Canada Pension Plan Investment Board own most of the company along with a smaller group of investors and management.

Luxury department store Neiman Marcus filed to go public Tuesday.

The company filed for an offering of up to $100 million, but that is a placeholder amount and is likely to change. The company posted fiscal 2014 revenue of $4.84 billion.

Fort Worth-based TPG and New York-based Warburg Pincus had previously owned Neiman Marcus after taking it private in 2005 as part of a $5.1 billion leveraged buyout.

While the company (which also owns Bergdorf Goodman) has stores in 19 states, including Washington DC, wealth intelligence firm Wealth-X noticed a trend when it came to the retailer’s preferred locations.

Aerin Lauder (center) surrounded by Neiman Marcus sales personnel at the AERIN Fragrance Launch at Neiman Marcus NorthPark on November 14, 2013 in Dallas, Texas. The company’s flagship brand also leases 2.2 million square feet of stores, while Bergdorf Goodman leases 316,000 square feet. Ultimately, Neiman Marcus believes the spending will “increase customer traffic and generate significant returns”.

Filings with the Securities and Exchange Commission show Neiman will use its IPO proceeds to pay back debt of $122.2 million.

When Neiman Marcus was sold two years ago, the former owners were entertaining private buyers while the company was proceeding with plans for an IPO.