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Neiman Marcus prepares to go public


Dallas -- A Thursday report by the Wall Street Journal said that Warburg Pincus and TPG, the private-equity owners of Neiman Marcus Group Inc., are looking for an exit.

The firms paid $5.1 billion for Neiman Marcus seven years ago; the company is currently valued, according to analysts, at about $4 billion.

Citing sources familiar with the matter, WSJ said that the department store chain and its investors are conferring about laying the foundation for an eventual public offering, although the event is said not to be imminent.

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