Business
ARKO Corp. and ARKO Petroleum Corp. Announce Closing of ARKO Petroleum Corp.’s Initial Public Offering
RICHMOND, Va., Feb. 17, 2026 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO”) and ARKO Petroleum Corp. (Nasdaq: APC) (“APC”), today announced the closing on February 13, 2026 of APC’s initial public offering (the “IPO”) of 11,111,111 shares of its Class A common stock at a price to the public at $18.00 per share (the “IPO Price”). In addition, APC has granted the underwriters a 30-day option to purchase up to an additional 1,666,666 shares of APC’s Class A common stock to cover over-allotm
About this update from Arko Petroleum Corp.
[{"type":"image","alt":"ARKO CORP.","displaySize":"","headline":null,"caption":"ARKO CORP.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":81,"url":"https://media.zenfs.com/en/globenewswire.com/7c546b4c3599111bdc6e1c8faea22fcf"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XYJy1N0HsyrfSjU6vSKTsg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExMztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/7c546b4c3599111bdc6e1c8faea22fcf","width":300,"height":81}},"lazy":false},{"type":"text","content":"RICHMOND, Va., Feb. 17, 2026 (GLOBE NEWSWIRE) -- ARKO Corp. (Nasdaq: ARKO) (“ARKO”) and ARKO Petroleum Corp. (Nasdaq: APC) (“APC”), today announced the closing on February 13, 2026 of APC’s initial public offering (the “IPO”) of 11,111,111 shares of its Class A common stock at a price to the public at $18.00 per share (the “IPO Price”). In addition, APC has granted the underwriters a 30-day option to purchase up to an additional 1,666,666 shares of APC’s Class A common stock to cover over-allotments, if any, at the IPO Price, less underwriting discounts and commissions. The total net proceeds from the offering were approximately $183.2 million. APC’s Class A common stock is listed on the Nasdaq Capital Market under the symbol “APC.”","length":742,"tagName":"p"},{"type":"text","content":"Upon the closing of the IPO, ARKO owned 35,000,000 shares of APC's Class B common stock, representing 75.9% of the economic interests in APC and 94.0% of the combined voting power of APC’s Class A common stock and Class B common stock (or 73.3% of the economic interests in APC and 93.2% of the combined voting power if the underwriters exercise their over-allotment).","length":382,"tagName":"p"},{"type":"text","content":"UBS Investment Bank, Raymond James and Stifel served as lead book-running managers in the IPO. Mizuho and Capital One Securities acted as joint book-running managers in the IPO.","length":177,"tagName":"p"},{"type":"text","content":"A registration statement on Form S-1 relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “Commission”) on February 11, 2026. Copies of the registration statement can be accessed through the Commission’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities...