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April 16, 2007
Report: Neiman Could Be Offered In IPO
Neiman Marcus could soon be offered in an IPO, according to sources in the financial community. Neiman was acquired by private equity firms Warburg Pincus and TPG in 2005 for a cool $5.1 billion.
Since then, the luxe department store chain has been performing well and its owners may want to take advantage of its current success before there’s a downturn in the M&A market.
Blacks’s Take: Neiman’s track record makes it a hot property but much depends on management of the IPO.
Posted by Blacks on April 16, 2007 08:27 AM
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