Vera Bradley's Big Plans to Expand

By Scott Sarvay

July 2, 2010 Updated Jul 2, 2010 at 1:05 PM EDT

FORT WAYNE, Ind. (Indiana's NewsCenter) - Fort Wayne based Vera Bradley has filed paperwork for an initial public offering of stock that could generate up to $175 million.

Vera Bradley executives intend to use the offering to expand their full-price stores from 28 to 300.

According to the filing, the company's net revenue has more than doubled over the past 5-years to $289 million.

Because of the filing, Vera Bradley is not allowed to comment on the plans to take the company public.

We'll have more on this story tonight at five.

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