American convenience store operator Yesway (YSWY.US) has applied for a U.S. stock market IPO, intending to raise up to $300 million.

The U.S. convenience store operator Yesway (YSWY.US), based in Fort Worth, Texas, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) on March 27 (last Friday), aiming to raise up to around $300 million. It is reported that the company plans to list on the Nasdaq Global Select Market under the symbol "YSWY", and submitted the IPO application in secret on October 3, 2025. Morgan Stanley, J.P. Morgan, Goldman Sachs Group, Inc., Barclays PLC Sponsored ADR, BMO Capital Markets, KeyBanc Capital Markets, Guggenheim Securities, and Raymond James are serving as joint book-runners for this offering. Yesway stated that as one of the fastest-growing convenience store operators in the United States, the company had 419 company-owned stores as of December 31, 2025, and successfully opened 90 new stores between 2020 and 2025. The company mainly operates under the Yesway and Allsup's brands, with a focus on leading food service, a wide range of grocery products, and proprietary brand products, with a geographic presence in rural and suburban markets in the Midwest and Southwest of the United States. This official application marks the restart of Yesway's capital journey. As early as 2021, the company attempted to enter the capital market, but later had to withdraw its listing plans due to significant macroeconomic fluctuations and increased market uncertainty in 2022. It was not until September 2025 that rumors of Yesway restarting the IPO process surfaced, and the preliminary documents were submitted in secret in October of the same year. In terms of financial performance, Yesway's growth in recent years has provided support for its listing. In the fiscal year ending on December 31, 2025, the company achieved revenue of $2.7 billion, an increase from $2.5 billion in 2024; its net profit also increased significantly from $24 million in the previous year to $54 million.