Thursday, May 17, 2018

BJ’s aims to stock up on cash, filing IPO plan with feds

Boston Business Journal
Westborough-based BJ’s Wholesale Club Holdings Inc. on Thursday notified federal regulators of its intent to file an initial public offering after being privately held for the past seven years. The warehouse club operator will be listed under the ticker symbol “BJ.”

A valuation and number of shares has not been determined, but a federal filingindicates the maximum aggregate offering price would be $100 million. The Wall Street Journal in April reported that the company could be valued between $2 billion and $3 billion.. . . more