After months of speculation, high end department store chain Neiman Marcus filed registration for a $100 IPO, according to Reuters. The chain, which was bought in a leveraged buyout by TPG Capital and Warburg Pincus in 2005, currently operates 41 stores.
Earlier this year, Neiman Marcus reportedly declined a merger offer from rival Saks Fifth Avenue, which is owner by KKR. According to a previously published story in The Wall Street Journal:
"The merger proposal as envisioned valued their high-end retailer too low and could be hard to pull off, with stores in overlappingand a trio of buyout firms involved in the negotiations, one of the people said. It isn't clear what value the proposal placed on Neiman."