BJ's Wholesale Club Holdings, a warehouse membership club operating over 215 stores across the East Coast, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that could raise an estimated $400 million.
The Westborough, MA-based company was founded in 1984 and booked $12.8 billion in sales for the 12 months ended January 31, 2018. It plans to list on the NYSE under the symbol BJ. BJ's Wholesale Club filed confidentially on March 2, 2018. BofA Merrill Lynch, Deutsche Bank, Goldman Sachs and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.
