BJ's Wholesale Club (BJ) IPO Opens 25% Higher

Today's IPO for BJ's Wholesale Club Holdings, Inc. (NYSE: BJ) opened for trading at $21.25 after pricing 37,500,000 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 5,625,000 shares of common stock.

BofA Merrill Lynch, Deutsche Bank Securities, Goldman Sachs & Co. LLC, and J.P. Morgan are serving as joint lead book-running managers and as representatives of the underwriters for the proposed offering. Morgan Stanley, Citigroup, Jefferies and Wells Fargo Securities are also serving as book-running managers for the proposed offering. Nomura, Baird, Guggenheim Securities, Natixis, William Blair and Siebert Cisneros Shank & Co., L.L.C. are serving as co-managers for the proposed offering.

Headquartered in Westborough, Massachusetts, BJ's Wholesale Club Holdings, Inc. is a leading operator of membership warehouse clubs in the Eastern United States. The company currently operates 215 clubs and 134 BJ's Gas® locations in 16 states.

BJ's provides a one-stop shopping destination filled with top-quality, leading brands, including its exclusive Wellsley Farms® and Berkley Jensen® brands, along with USDA Choice meats, premium produce and delicious organics, many in supermarket sizes. BJ's is also the only major membership warehouse club to accept all manufacturers' coupons.

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