Yesway, a convenience store chain with over 400 locations throughout seven states, announced terms for its IPO on Monday.
The Fort Worth, TX-based company plans to raise $300 million by offering 14 million shares at a price range of $20 to $23.
Yesway states that it is one of the fastest-growing convenience store operators in the US, with 419 company-operated stores as of December 31, 2025, with 90 successful openings of new stores from 2020 to 2025. The company operates its portfolio primarily under two brands, Yesway and Allsup's. Its sites are differentiated through a leading foodservice offering and a wide variety of grocery items and private-label products. Its geographic footprint consists of stores located in rural and suburban markets across the Midwest and Southwest.
Yesway was founded in 2015 and booked $2.7 billion in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol YSWY. Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, BMO Capital Markets, KeyBanc Capital Markets, Guggenheim Securities, and Raymond James are the joint bookrunners on the deal. It is expected to price the week of April 20, 2026.
