Monday, June 18, 2018

BJ's Wholesale sees IPO at $15-$17/share

BJ’s Wholesale Club Holdings Inc expects its initial public offering to be priced between $15 and $17 per share, giving the warehouse club operator a market capitalization of up to $2.15 billion.

The company, which was taken private in 2011 for $2.8 billion, filed with regulators to go public for the second time last month.

It owns 215 warehouse clubs, mainly on the U.S. east coast, and competes with Costco Wholesale Corp and Walmart Inc’s Sam’s Club.. . . more