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. Yesway’s stock started trading at $22.00 – up $2.00 for a 10 percent gain from its IPO price – at 12:08 p.m. EDT today – Wednesday, April 22, 2026 – on NASDAQ volume of about 1.52 million shares, according to NASDAQ.
By 12:24 p.m. EDT today, Yesway (YSWY) was trading at $22.60 – up $2.60 for an 11.82 percent gain from its IPO price – on NASDAQ volume of about 3.43 million shares.
At Wednesday’s closing bell, Yesway (YSWY) was at $21.23 – up $1.23 for a 6.25 percent gain in its first day of NASDAQ trading on volume of about 8.82 million shares.
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.
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 (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.
Yesway is profitable. The company reported net income of $54 million on revenue of $2.67 billion for the 12 months that ended on Dec. 31, 2025, according to the prospectus.
(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)
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