ARKO Launches IPO Of ARKO Petroleum To Raise Around $200 Mln

Group 1 - ARKO Corporation's subsidiary, ARKO Petroleum Corporation, has launched an initial public offering (IPO) of its Class A shares, offering 10.500 million shares [1] - The IPO price is expected to be in the range of $18 to $20 per share, with an option for underwriters to purchase an additional 1.575 million shares [1] - ARKO Petroleum has applied to list its Class A shares on the Nasdaq under the symbol "APC" [2] Group 2 - ARKO Corporation's stock was up by 2.14% at $5.72 in pre-market trading on the Nasdaq [2]