Press release content from Globe Newswire. The AP news staff was not involved in its creation. JOANN Celebrates Return to Public Market, Spotlights All Who Create to Give JOANN, Inc.March 12, 2021 GMT HUDSON, Ohio, March 12, 2021 (GLOBE NEWSWIRE) -- JOANN Inc. (the “Company” or “JOANN”), the nation’s category leader in Sewing and one of the fastest growing players in the arts and crafts category, today makes its return to the public market after a decade as a privately owned company. The Company is offering 5,468,750 shares of its common stock and entities affiliated with Leonard Green & Partners and other non-management stockholders are offering 5,468,750 shares of the Company’s common stock at an initial public offering price of $12 per share. Assuming no exercise of the underwriters’ option to purchase up to 1,640,625 additional shares of common stock from the Company, entities affiliated with Leonard Green & Partners will maintain majority ownership in the Company following the offering, owning approximately 69% of common shares. The retailer’s common stock began trading today on the Nasdaq Stock Exchange under the ticker symbol “JOAN”.