American fuel distributor ARKO Petroleum (APC.US) plans to list on the Nasdaq and is aiming to raise $100 million.

Arko Petroleum, which distributes fuel products to gas stations, secondary wholesalers, and other buyers in the United States, submitted an IPO filing to the U.S. Securities and Exchange Commission (SEC) last Friday local time, with plans to raise up to $100 million through an initial public offering (IPO) on the U.S. stock market. Arko Petroleum is a subsidiary of the publicly traded company Arko (NASDAQ market code: ARKO), and is positioned in the market as a fuel distribution company. In the nine months ending on September 30, 2025, it delivered approximately 1.5 billion gallons of fuel to gas stations, secondary wholesalers, and other buyers. Arko Petroleum operates in three main business segments: Wholesale Business - supplying fuel products to third-party distributors, gas stations, and Arko retail sites through long-term "cost plus" or "consignment type" contracts; Fleet Fueling Business - operating own and third-party cardlock fueling stations and issuing proprietary fuel cards; and GPMP Business - supplying fuel to retail sites on a "cost plus" basis, charging a fixed markup per gallon. The company is headquartered in Richmond, Virginia and was founded in 2022, achieving approximately $5.7 billion in revenue in the 12 months ending on September 30, 2025. The company plans to list on the Nasdaq stock exchange under the stock symbol "APC." UBS Investment Bank, Raymond James, Stifel, Mizuho Securities, and Capital One Securities are joint book-running managers for Arko Petroleum's IPO transaction. The company has not yet disclosed pricing terms.