ARKO Corp., a Fortune 500 company, announced the filing of a registration statement for the proposed initial public offering of its subsidiary, ARKO Petroleum Corp.
The registration statement includes details about the Class A common stock offering of ARKO Petroleum Corp.
UBS Investment Bank, Raymond James, and Stifel will serve as lead book-running managers in the offering.
Proposed IPO of ARKO Petroleum Corp.
ARKO Corp. plans to offer Class A common stock of its subsidiary, ARKO Petroleum Corp, in the initial public offering.
Lead Book-Running Managers
UBS Investment Bank, Raymond James, and Stifel will lead the offering as book-running managers.
Registration Statement
The registration statement on Form S-1 has been filed with the SEC but has not yet become effective.
- The filing indicates ARKO Corp.'s strategic plan to separate its subsidiary, ARKO Petroleum Corp, through an IPO.
- The proposed IPO aims to raise capital and enhance the subsidiary's operations in fuel distribution.
The filing sets the stage for ARKO Corp.'s subsidiary, ARKO Petroleum Corp, to enter the public market, potentially unlocking new growth opportunities for both entities.