Fuel distributor ARKO Petroleum (APC.US) launches IPO: planning to raise $200 million, with parent company business accounting for over 40%

ARKO Petroleum Company (APC.US), which distributes fuel to gas stations, convenience stores, and other buyers, announced its IPO terms on Tuesday. The Virginia-based company plans to issue 10.5 million shares at a price of $18 to $20 per share, raising $200 million. Based on the midpoint of the proposed price range, ARKO Petroleum Company's market value will be $865 million. As a subsidiary of ARKO Group (ARKO.US), ARKO Petroleum is a fuel distribution company that delivered 1.5 billion gallons of fuel to gas stations, convenience stores, and other buyers in the nine months ending September 30, 2025. Its business is divided into three main segments: wholesale business - supplying fuel to third-party distributors, gas stations, and ARKO retail sites under long-term cost-plus contracts or consignment contracts; fleet fuel business - operating owned and third-party cardlock fueling stations and issuing fuel cards; GPMP business - supplying fuel to retail sites in a cost-plus model and charging a fixed surcharge per gallon. In the nine months ending September 30, 2025, its parent company ARKO contributed 42% of the company's revenue. ARKO Petroleum Company was founded in 2022 and plans to list on the Nasdaq Stock Exchange with the ticker symbol APC. The joint book-running managers for this offering include UBS Group AG Investment Bank, Raymond James, Stifel, Mizuho Securities, and First Capital, Inc. Securities. Pricing is expected to be completed during the week of February 9, 2026.