BJ's Wholesale Club hoping to raise as much as $637.5 million in - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

BJ's Wholesale Club hoping to raise as much as $637.5 million in upcoming IPO

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Tony D'Angelo logs into the stores Wi-Fi to download the BJ's Express Scan app on his cell phone before beginning his shopping at the BJ's Wholesale Club in Northborough, Mass. BJ’s Wholesale Club is going public, again. BJ’s has announced that it filed a Tony D'Angelo logs into the stores Wi-Fi to download the BJ's Express Scan app on his cell phone before beginning his shopping at the BJ's Wholesale Club in Northborough, Mass. BJ’s Wholesale Club is going public, again. BJ’s has announced that it filed a

After going private back in 2011, warehouse club chain BJ's Wholesale says it's ready to return to the public sector.

In a regulatory filing Monday, BJ's Wholesale Club expects its initial public offering to be priced between $15 and $17 per share. Offering 37.5 million shares, the company could raise as much as $637.5 million through the stock offering. That puts its market cap at up to $2.15 billion.

BJ's announced in May that it filed a form S-1 with the U.S. Securities and Exchange Commission to go public. It will trade on the New York Stock Exchange.

The company operates 215 wholesale membership warehouses on the East Coast and competes with Costco and Sam's Club.

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