J. Crew could go public this year with a $5 billion valuation target, according to Bloomberg.
The retailer, which was bought out for $2.64 billion by TPG Capital and Leonard Green & Partners LP three years ago, has 451 stores and about $2.4 billion in annual sales.
J.Crew has been expanding abroad, and it's estimated that its revenue increased 9 percent to $2.43 billion in the year through Feb.1, Bloomberg said. The report also says the company is seeking a $1.57 billion loan to refinance debt.
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