International Market Centers, the owner of three major furniture showroom buildings in High Point as well as the building that houses the Las Vegas Market, is exploring an initial public offering that could be completed by early 2015, according to the Wall Street Journal.

IMC officials could not be immediately reached for comment, but the potential IPO would give IMC a stock market value of more than $1 billion, the newspaper reports.

Both Bain Capital and Oaktree Capital Group are now looking into the IPO for IMC, which is planning to raise $530 million in loans to refinance existing debt and provide working capital to the company, according to the article. IMC is also working with several banks on the deal including J.P. Morgan Chase & Co., Deutsche Bank AG and Credit Suisse Group AG.

The company is exploring the IPO as it expands showroom space in both Las Vegas and High Point. Headed by CEO Bob Maricich, IMC bought Showplace and two of the other largest downtown showrooms about three years ago. Under IMC, the World Market Center for the Las Vegas Market is adding showroom space for furniture and home decor.