BJ's Wholesale Club Holdings Shares Open Trading at $21.25

BJ's Wholesale Club sold 37.5 million shares at $17 each, marking a strong IPO. The company, taken private in 2011, is now public again, with a buy rating from Gordon Haskett. BJ's competes with Costco and Walmart, operating 215 stores in 16 states. Private equity owners upgraded stores and changed the footprint. The capital raised will help pay down $2.4 billion in debt. Despite retail challenges, the IPO indicates a positive market shift, with 12 US listings this week, the busiest in three years.

What was the price per share for BJ's IPO?

• $17.00

• $16.00

• $18.00

• $15.00

How many stores does BJ's currently operate?

• 215 stores

• 200 stores

• 150 stores

• 250 stores

What is the main purpose of the capital raised by BJ's?

• Expand store locations

• Pay down debt

• Increase marketing budget

• Develop new products

What does the resurgence of IPOs indicate about the market?

• A decline in retail interest

• A stable market

• A revival in investor confidence

• A decrease in stock prices

How many IPO listings occurred in the US during the busy week mentioned?

• 5 listings

• 10 listings

• 8 listings

• 12 listings