Neiman Marcus is known for selling big-ticket items, including designer brands like Gucci and Chanel and aquatic jetpacks worth nearly $100,000.
Now, the upscale department store is planning another big sale: shares in itself.
Neiman Marcus filed to go public on Monday, more than eight years after agreeing to go private in a sale to the investment firms TPG Capital and Warburg Pincus.
The company’s initial prospectus was light on details, including how many shares the retailer intends to sell, at what price and on what stock exchange it will list. But it disclosed that it earned $140.1 million last year on top of $4.3 billion in revenue, its best fiscal year since before the financial crisis of 2008.
Neiman Marcus added that it earned $160.8 million in profit in the 39 weeks that ended April 27, up 6 perent from the same time last year.
The initial public offering filing followed an approach by Kohlberg Kravis Roberts, which had proposed merging Neiman Marcus with a rival, Saks Inc., which is weighing a potential sale. But Neiman Marcus’s owners rebuffed the idea, a person briefed on the matter had previously said.
The offering is being run by Credit Suisse.
