ARKO Petroleum raises $200 million in upsized US IPO

Feb 12 (Reuters) - Fuel ‌distributor ARKO ​Petroleum ​priced its upsized U.S. initial public offering at the low end of ‌its indicated range, raising nearly $200 million.

The Richmond, ⁠Virginia-based company sold 11.11 million shares at $18 apiece on ‌Wednesday, compared with its ‌marketed range of $18 to $20. The IPO valued ARKO Petroleum at about $819 million.

The IPO market ​has seen renewed momentum as soaring equity markets and pent-up demand for new listings ⁠have sparked a flurry of activity in early 2026.

The company, ​which is a subsidiary of convenience store operator ARKO Corp, will list on ​the Nasdaq exchange under ‌the symbol "APC."

ARKO Petroleum reported a profit of $24.7 million on revenue of $4.27 billion ⁠for the nine-month period ended September 30, compared with a $32.7 million profit on revenue of $4.92 billion ⁠a year earlier.

The company plans to use proceeds from ​the offering to pay down debt and for general corporate purposes.

ARKO Petroleum primarily engages in wholesale fuel distribution, ‌catering to gas stations and third-party dealers in more than 30 U.S. ‌states.

UBS Investment Bank, Raymond James, Stifel, Mizuho ⁠Securities and Capital ‌One Securities are ​the joint bookrunners for the offering.

(Reporting by Pragyan Kalita in Bengaluru; Editing by Maju ‌Samuel)

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