Tailored Brands

Tailored Brands filed a public submission with the U.S. Securities and Exchange Commission (SEC) for an initial public offering and seeks a listing on the Nasdaq Global Select Market under the ticker MENW. For the three months ended May 2, the company reported net income of $44.9 million on revenue of $681.8 million, compared with $50.7 million profit on $644.4 million revenue a year earlier. Silver Point Capital continues to control the company; Goldman Sachs, Morgan Stanley and Jefferies are leading the offering. Recent management changes include the appointment of Mike Baughn as CFO and Karla Gray as COO. » More on de.investing.com

Tailored Brands, owner of Men’s Wearhouse, has filed for an IPO with the U.S. SEC and plans to list on the Nasdaq Global Select under the ticker MENW. The filing does not state the number of shares or a price range. Existing shareholders will sell shares; Tailored Brands will not receive proceeds from those sales. Goldman Sachs and Morgan Stanley lead the syndicate of underwriting banks, with several other institutions participating. » More on de.investing.com

Houston-based Tailored Brands has disclosed paperwork for a US IPO; the company had already filed the application confidentially in April. A Nasdaq listing is planned under the ticker MENW, led by Goldman Sachs, Morgan Stanley and Jefferies as bookrunners. The move comes amid improved valuations and increased capital demand, driven in part by the strong US stock market and interest in the AI sector. » More on de.investing.com