Yesway (YSWY) priced its IPO at $20.00 – the low end of its $20.00-to-$23.00 range – and slightly upsized the deal at pricing to 14.0 million shares – up from 13.95 million in the prospectus – to raise $280 million on Tuesday night, April 21, 2026. At pricing, the Fort Worth, Texas-based chain of convenience stores in the Southwest and Midwest had a market cap of about $1.2 billion. Yesway’s stock is expected to start trading today – Wednesday, April 22, 2026 – on the NASDAQ.
Morgan Stanley served as the lead book-running manager – with J.P. Morgan and Goldman Sachs as active book-running managers. Additional bookrunners included Barclays, BMO Capital Markets, KeyBanc Capital Markets, Guggenheim Securities, and Raymond James, according to the prospectus.
Yesway’s stores are known for their Allsup’s deep-fried burritos – along with other foodservice offerings and grocery items.
Yesway (YSWY) plans to use some of the IPO’s proceeds to pay off some debt, the prospectus said.
Founded in 2015, Yesway operates stores in nine states in the Southwest and Midwest – Texas, New Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma, and Nebraska.
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