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BJ’s Wholesale Club has made its return as a public company.
After filing for an initial public offering in mid-May, BJ's Wholesale Club Holdings Inc. yesterday announced an IPO of 37.5 million shares of common stock at $17 per share, raising $637.5 million.
Today, the warehouse club chain began trading under the ticker symbol “BJ” on the New York Stock Exchange. Shares opened up 25% at $21.25 per share, which published reports said valued the company at about $2.7 billion.
Westborough, Mass.-based BJ’s said it...