Deals
BJ’s Wholesale Club Plans Public Market Return With IPO Filing
- Warehouse-club chain files for NYSE listing with BJ ticker
- Company has opened 25 new stores since being taken private
Photographer: Jeff Fusco/Getty Images
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BJ’s Wholesale Club Holdings Inc., the warehouse-club chain that was taken private by CVC and Leonard Green & Partners seven years ago, filed for a U.S. initial public offering.
The private equity firms paid $51.25 a share for BJ’s in 2011, valuing it at about $2.8 billion. Since then, BJ’s has opened 25 new stores and spent more than $230 million to improve its systems and technology, according to a filing Thursday with the U.S. Securities and Exchange Commission.