PITTSFIELD — Joann Inc., an Ohio-based national chain of fabric and craft stores that has an outlet on Dalton Avenue in Pittsfield, has announced the pricing of its initial public offering of 10,937,500 shares of its common stock at $12 per share.

The offering consists of 5,468,750 shares of common stock being sold by Joann Inc. and 5,468,750 shares of common stock being sold by selling stockholders, which includes entities affiliated with Leonard Green & Partners and other non-management stockholders.

The shares of common stock were expected to begin trading on the Nasdaq Global Market on March 12 under the ticker symbol “JOAN”. The offering is expected to close on March 16 subject to customary closing conditions.