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BJ’s Wholesale returns to the public market: 6 things to know about the Costco rival

BJ’s private-equity owners will retain control of a company with margins that lag rivalsBJ’s Wholesale is focused on the New England area and has room to grow, says the company. BJ’s Wholesale Club, operator of 215 warehouse clubs across 16 states largely along the U.S.’s eastern seaboard, completed its initial public offering on Wednesday, returning to the public markets after a seven-year spell as a private company. The company (BJ)offered 37.5 million shares priced at $17 each to raise about $637 million.