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US IPO Weekly Recap: A SPAC and a Reg A+ price; two billion-dollar companies file

CIC.U

Two IPOs raised a combined $380 million this past week. Blank check company Capitol Investment Corp. IV led the way with a $350 million offering, and branded content curator Chicken Soup for the Soul Entertainment followed with a Reg A+ offering that raised $30 million. Filing activity remained slow with just two companies joining the pipeline, along with a handful of updates. We...read more

GPM Petroleum LP files for a $100 million IPO

GPMP

GPM Petroleum LP, which distributes motor fuel to GPM Investments' over 600 acquired convenience stores, filed on Friday with the SEC to raise up to $100 million in an initial public offering. The Richmond, VA-based company was founded in 2003 and booked $1.1 billion in sales for the 12 months ended March 31, 2017. It plans to list on the NYSE under the symbol GPMP. Raymond...read more

No gas in the tank: GPM Petroleum LP withdraws $100 million IPO

GPM Petroleum LP, which distributes motor fuel to GPM Investments' over 600 acquired convenience stores, withdrew its plans for an initial public offering on Friday. It originally filed in April 2015 with a proposed deal size of $100 million. The Richmond, VA-based company was founded in 2003 and booked $1.8 billion in sales for the 12 months ended March 31, 2015. It had...read more

Fas Mart gas supplier GPM Petroleum LP files for a $100 million IPO

GPM Petroleum LP, which distributes motor fuel to GPM Investments' acquired convenience stores, filed on Monday with the SEC to raise up to $100 million in an initial public offering. GPM Petroleum LP primarily distributes motor fuels to the more than 500 convenience stores owned by GPM Investments, most of which operate under the brand name Fas Mart. GPM is the third largest...read more

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