BJ's Wholesale Club Going Public Again; Prices IPO At $17/shr

(RTTNews) - BJ's Wholesale Club Holdings, Inc. announced the pricing of its initial public offering of 37.50 mln shares of its common stock, at a public offering price of $17.00 per share.

The company has granted the underwriters a 30-day option to purchase up to an additional 5.625 million shares of common stock. Shares of the Company's common stock are expected to begin trading on the New York Stock Exchange on June 28, 2018 under the ticker symbol "BJ".

The offering is expected to close on July 2, 2018, subject to satisfaction of customary closing conditions.

BJ's was taken private in 2011 by private-equity firms Leonard Green & Partners L.P. and CVC Capital Partners in an all-cash deal valued at about $2.8 billion that saddled the company with more than $2 billion in debt.