ARKO Petroleum Company's IPO priced at $18 per share, raising nearly $200 million

2026-02-12 19:02:55

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Investing.com – Fuel distributor ARKO Petroleum Company sets its initial public offering (IPO) price at $18 per share, at the low end of its marketing range, raising nearly $200 million. The Virginia-based company sold 11.11 million shares on Wednesday, after previously setting the share price between $18 and $20. The IPO values the company at approximately $819 million. ARKO Petroleum is a subsidiary of convenience store operator ARKO Corp (NASDAQ: ARKO), which will be listed on the Nasdaq under the ticker symbol “APC.” For the nine months ending September 30, the company reported a profit of $24.7 million and revenue of $4.27 billion. In the same period last year, profit was $32.7 million, and revenue was $4.92 billion. This wholesale fuel distributor plans to use the proceeds from the IPO to reduce debt and for general corporate purposes. The company primarily distributes fuel to gas stations and third-party resellers across more than 30 states in the United States. UBS Investment Bank, Raymond James, Stifel, Mizuho Securities, and Capital One Securities served as joint book runners for the offering. This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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