BJ’s Wholesale Club 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.
At the top end of that range, the offering of 37.5 million shares would raise $637.5 million.
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 and Walmart’s Sam’s Club.
Analysts had said that BJ’s debut in a competitive market was “sensible” as investors’ confidence in the retail sector had risen.
The company will list on the New York Stock Exchange under the symbol “BJ.”
Source: Investment Cnbc
BJ's Wholesale expects its IPO to price at to a share