ARKO Corp. Announces Launch of Initial Public Offering of its Subsidiary, ARKO Petroleum Corp., Seeking to Raise Approximately $200,000,000

Core Viewpoint - ARKO Corp.'s subsidiary, ARKO Petroleum Corp., has initiated a roadshow for its initial public offering (IPO) of Class A common stock, aiming to raise capital through the sale of shares [1][2]. Group 1: IPO Details - ARKO Petroleum Corp. is offering 10,500,000 shares of its Class A common stock, with an expected IPO price range of $18.00 to $20.00 per share [2]. - The company plans to grant underwriters a 30-day option to purchase an additional 1,575,000 shares at the IPO price, less underwriting discounts and commissions [2]. - The shares are intended to be listed on the Nasdaq Stock Market under the symbol "APC" [2]. Group 2: Underwriters - UBS Investment Bank, Raymond James, and Stifel are serving as lead book-running managers for the IPO [2]. - Mizuho and Capital One Securities are acting as joint book-running managers [2]. Group 3: Company Overview - ARKO Corp. is a Fortune 500 company and one of the largest operators of convenience stores and fuel wholesalers in the United States, operating in four segments: retail, wholesale, fleet fueling, and GPM Petroleum [5]. - ARKO Petroleum Corp. is recognized as a growth-oriented fuel distribution company and one of the largest wholesale fuel distributors by gallons in North America, serving customers in over 30 states [6].