ARKO Petroleum Corp. (APC Proposed) unveiled the terms for its $200 million IPO early today – Tuesday, Feb. 3, 2026 – in an SEC filing. The Richmond, Virginia-based company, which sells gasoline at its convenience stores and runs a wholesale fuel distribution business, is offering 10.5 million shares at a price range of $18.00 to $20.00 to raise $199.50 million – if priced at the $19.00 mid-point of its range. At pricing, ARKO Petroleum would have a market cap of $864.5 million. Bankers expect to price ARKO Petroleum’s IPO next week. (Please see the IPO Calendar for details.)
UBS Investment Bank, Raymond James, Stifel, Mizuho and Capital One Securities are the joint book-runners.
ARKO Petroleum plans to use the IPO proceeds to repay about $184 million in debt outstanding under its Capital One Line of Credit, the prospectus said.
After the IPO, the company will still be controlled by ARKO Parent through the parent’s ownership of stock with 76.9 percent of the voting rights, the prospectus said.
For the nine-month period that ended Sept. 30, 2025, ARKO Petroleum distributed 1.5 billion gallons of fuel to its customers.
ARKO Petroleum is profitable, according to financial statements in the prospectus: Net income of $32.2 million on revenue of $5.72 billion for the 12 months that ended Sept. 30, 2025.
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