BJ’s Wholesale to go public
BJ’s Wholesale Club Holdings Inc. is seeking a return to the public arena.
The warehouse club retailer announced on Thursday it has filed for a U.S. initial public offering. In 2011, BJ’s was acquired and taken private by CVC and Leonard Green & Partners in a $2.8 billion deal.
Based in Westborough, Massachusetts, BJ’s has 215 locations in 16 states. The company generated net income of $50 million on total sales of $12.8 billion in fiscal 2017.
BJ’s listed the offering size at $100 million in the filing. That figure is a placeholder amount for calculating fees and is likely to change going forward. It intends to list on the New York Stock Exchange under the symbol "BJ", according to a regulatory filing.
The warehouse club retailer announced on Thursday it has filed for a U.S. initial public offering. In 2011, BJ’s was acquired and taken private by CVC and Leonard Green & Partners in a $2.8 billion deal.
Based in Westborough, Massachusetts, BJ’s has 215 locations in 16 states. The company generated net income of $50 million on total sales of $12.8 billion in fiscal 2017.
BJ’s listed the offering size at $100 million in the filing. That figure is a placeholder amount for calculating fees and is likely to change going forward. It intends to list on the New York Stock Exchange under the symbol "BJ", according to a regulatory filing.