Arko Petroleum announced on Tuesday its plans to launch an initial public offering (IPO), targeting a share price between $18 and $20, aiming to raise approximately $200 million at the midpoint. The offering will be guided by legal advisors Greenberg Traurig LLP and Latham & Watkins LLP, marking a major step in the wholesale fuel distributor’s growth strategy.
The company plans to sell 10.5 million shares of Class A common stock, with an option for underwriters to purchase an additional 1.57 million shares at the IPO price. According to the registration statement filed with the U.S. Securities and Exchange Commission (SEC), Arko expects net proceeds of around $184 million. If underwriters exercise the additional share option, proceeds could reach $211.8 million. The funds will primarily be used to repay outstanding amounts under a revolving credit facility, which carried a balance of $380 million as of September 30, 2025, and a 7.4% interest rate, maturing in 2028. Remaining funds will be allocated for general corporate purposes.
Arko Petroleum, a major wholesale fuel distributor operating across 30 states, intends to list its shares on Nasdaq under the ticker symbol APC. The company reported a 4.4% decline in fuel revenue, attributing the drop to lower fuel prices, decreased sales volume, and challenging macroeconomic conditions combined with severe winter weather. For the nine months ending September 30, 2025, Arko’s revenue totaled $4.27 billion, compared with $4.9 billion in the same period of 2024.
UBS Investment Bank, Raymond James, and Stifel are the lead underwriters, with Mizuho and Capital One Securities also participating in the offering. Greenberg Traurig’s Drew M. Altman and Win Ruterfurt are advising Arko, while Latham & Watkins’ Stelios G. Saffos, Michael Benjamin, and Kaj P. Nielsen represent the underwriters.
The IPO comes as the energy sector navigates fluctuating fuel prices and market uncertainty. Analysts note that Arko’s move to raise capital through the public markets will strengthen its balance sheet, provide liquidity to manage debt, and position the company for strategic growth. The offering also reflects broader trends in North America’s fuel distribution sector, where consolidation and expansion remain key themes amid changing energy demand and regulatory pressures.
Investors and market observers will closely monitor the offering, given the company’s size, regional reach, and potential impact on the wholesale fuel market. The IPO is expected to enhance Arko’s visibility among institutional investors and potentially attract interest from long-term strategic partners seeking exposure to the U.S. fuel distribution industry.
About Arko Petroleum:
Arko Petroleum is a leading distributor of wholesale fuel products across North America, servicing commercial and industrial clients in 30 states. Its portfolio includes gasoline, diesel, and other petroleum products, with a focus on operational efficiency and customer service excellence.
