ARKO Petroleum Raises $200M in IPO with 11.1M Shares at $18
ARKO Petroleum completed a $200 million IPO on Feb. 13, selling 11,111,111 shares at $18 each and securing approximately $183.2 million in net proceeds. Post-IPO, ARKO Corp retains about 75.9% of economic interest and 94% of combined voting power in the subsidiary.
1. IPO Details and Proceeds
ARKO Petroleum Corp sold 11,111,111 shares at $18 per share, raising $200 million gross in its initial public offering. The deal closed on Feb. 13, delivering net proceeds of approximately $183.2 million to fund the subsidiary’s growth initiatives.
2. Ownership Structure Post-IPO
Following the offering, shares began trading on the Nasdaq Capital Market under the symbol APC. ARKO Corp holds roughly 75.9% of APC’s economic interest and 94% of its combined voting power, maintaining control over the subsidiary.
3. ARKO Petroleum Business Overview
As one of North America’s largest wholesale fuel distributors, ARKO Petroleum supplies fuel across more than 30 U.S. states. The fresh capital is expected to support network expansion, working capital requirements and strategic investments in distribution infrastructure.