ARKO shares jump 10.09% intraday after subsidiary APC announces $210M IPO with $18–$20 price range and Nasdaq listing plans.

ARKO Corp. surged 10.09% intraday following the announcement that its subsidiary, ARKO Petroleum Corp. (APC), launched an initial public offering of 10.5 million Class A shares priced between $18 and $20. The IPO, led by underwriters including UBS and Raymond James, aims to raise up to $210 million and list on Nasdaq under "APC." The move signals a strategic spin-off of APC’s wholesale, fleet fueling, and GPM Petroleum segments, which account for significant portions of ARKO’s operations. Investors likely viewed the IPO as a catalyst for unlocking value through separate market valuation of the fuel distribution business, while maintaining ARKO’s controlling stake. The timing aligns with pre-existing market anticipation for the offering, as highlighted in prior filings and press coverage, reinforcing bullish sentiment during intraday trading.