Yesway, a convenience store chain with over 400 locations throughout seven states, raised $280 million by offering 14 million shares at $20, the low end of the $20 to $23 range. The company offered 46.5 thousand more shares than anticipated.
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.
The Fort Worth, TX-based company will trade 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 acted as joint bookrunners on the deal.
