Convenience store chain operator Cumberland Farms (CMBY.US) applies to list in the United States or raise $1 billion in funds.

Cumberland Farms, a chain convenience store operator with over 3,200 stores, submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Thursday. It is estimated that the company could raise up to $1 billion in this IPO. The company plans to list on the Nasdaq with the stock code "CMBY". Founded in 1939, Cumberland Farms is headquartered in Charlotte, North Carolina, USA. As of March 31, 2026, Cumberland Farms operates convenience stores and gas stations in the United States and Europe, with a total of over 3,200 stores. Its main markets include the Northeastern United States, as well as Germany and the Benelux region in Europe. The company generated revenue of $16.6 billion in the past 12 months as of March 31, 2026. The current Cumberland Farms is the result of a series of acquisitions and integrations by the British EG Group. In the past two years, the company has been divesting non-U.S. operations, including those in the UK, Italy, Australia, and (the pending sale of) France, in order to focus on its core markets in the U.S. and Europe and to repay debt. The company's revenue mainly comes from three main business segments: fuel sales (representing 74% of revenue in the first quarter of the 2026 fiscal year), grocery and merchandise sales (representing 19% of revenue in the first quarter of the 2026 fiscal year), and food services (representing 4% of revenue in the first quarter of the 2026 fiscal year).