ARKO Subsidiary APC Launches $200mln IPO, UBS and Raymond James Lead Book-Running

ARKO Corp. subsidiary ARKO Petroleum Corp. has launched an initial public offering (IPO) to raise approximately $200 million. The subsidiary is offering 10.5 million shares of Class A common stock at a price range of $18 to $20 per share. UBS Investment Bank, Raymond James, and Stifel are serving as lead book-running managers. The registration statement has been filed with the SEC, but the IPO price is expected to be determined after the roadshow.