Breaking News

BJ's Wholesale Club files for initial public offering

BJ's Wholesale Club Holdings Inc. BJ, +zero.00% mentioned it's launching an initial public offering, according to a filing with the Securities and Exchange Commission past due Thursday. BJ's mentioned it plans to boost up to $100 million in the offering, but this amount is generally used as a placeholder and is matter to modify in long term filings. The wholesale club plans to record beneath the ticker "BJ" at the New York Stock Exchange. Bank of America Merrill Lynch, Deutsche Bank, Goldman Sachs, and J.P. Morgan are listed a number of the underwriters. In the fiscal yr ended Feb. 3, BJ's reported revenue of $12.75 billion and changed web income of $3.94 a percentage, in accordance with 13.2 million stocks exceptional.