Tailored Brands Inc., the parent company of Men's Wearhouse and Jos. A. Bank, has formally filed for an initial public offering, signaling its intent to rejoin public markets. The move comes as the company reported a $44.9 million net income for the first quarter ended May 2, on $681.8 million in revenue. This represents a slight dip in profit from the prior year's $50.7 million, though revenue saw an increase from $644.4 million.

The filing with the U.S. Securities and Exchange Commission details the company's financial performance as it seeks to raise capital through the stock market. This public listing could provide significant capital for expansion or debt reduction, and offers investors a chance to gain exposure to the formal wear and suit rental market.

Investors will be monitoring the valuation and terms of the IPO closely. The success of Tailored Brands' public offering will depend on market appetite for retail stocks and the company's ability to demonstrate a clear growth strategy in a changing retail environment.