ARKO Petroleum Corp Nets $183.2M from $200M IPO Listing on Nasdaq
ARKO Petroleum Corp raised $200 million in its initial public offering by selling 11,111,111 Class A shares at $18 apiece, generating net proceeds of $183.2 million. The Nasdaq Capital Market–listed subsidiary sees ARKO Corp retaining 75.9% economic interest and 94% voting power post-IPO.
1. IPO Raise and Net Proceeds
ARKO Petroleum Corp sold 11,111,111 Class A shares at $18 each in its IPO, raising $200 million and netting $183.2 million after expenses. Trading commenced on the Nasdaq Capital Market under the APC symbol on February 12.
2. Post-IPO Ownership and Control
At closing, ARKO Corp held 75.9% of APC's economic interest and controlled 94% of voting power, maintaining strategic control over its Nasdaq-listed subsidiary. ARKO Petroleum operates across more than 30 U.S. states, leveraging its expanded capital base for network growth.