ARKO Petroleum, which distributes fuel to gas stations, sub-wholesalers and other purchasers, announced terms for its IPO on Tuesday.
The Richmond, VA-based company plans to raise $200 million by offering 10.5 million shares at a price range of $18 to $20. At the midpoint of the proposed range, ARKO Petroleum would command a market cap of $865 million.
ARKO Petroleum, a subsidiary of ARKO (Nasdaq: ARKO) is a fuel distribution company having delivered 1.5 billion gallons in the nine months ended September 30, 2025 to gas stations, sub-wholesalers, and other purchasers. It operates three segments: Wholesale, supplying fuel to third-party dealer stations and ARKO Retail Sites under long-term cost-plus or consignment contracts; Fleet Fueling, operating proprietary and third-party cardlock locations and issuing fuel cards; and GPMP, which supplies retail sites on a cost-plus basis with a fixed adder per gallon. In the nine months ended September 30, 2025, its parent, ARKO, accounted for 42% of the company's revenue.
ARKO Petroleum was formed in 2022 and plans to list on the Nasdaq under the symbol APC. UBS Investment Bank, Raymond James, Stifel, Mizuho Securities, and Capital One Securities are the joint bookrunners on the deal. It is expected to price the week of February 9th, 2026.
