IPO Likely Neiman Marcus Option As Underwriters Chosen


The Neiman Marcus sign outside a store in Golden, Colorado -Filepic Reuters

Neiman Marcus has appointed a syndicate of banks for a possible initial public offering, two people familiar with the matter said on Monday, in the latest sign that the high-end department store is leaning towards a listing over pursuing an outright sale.

Neiman Marcus has also hired Credit Suisse to run a sales process for the company, which has yet to find a buyer, sources have previously told Reuters.

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