Company prices IPO at $18, targets growth across wholesale, fleet fueling and c-store operations.
Arko Petroleum Corp., a subsidiary of Arko Corp., has priced its initial public offering at $18 per share, the company said Wednesday.
The offering includes 11.1 million shares of Class A common stock. Underwriters have a 30-day option to buy up to 1.7 million additional shares to cover over-allotments, Arko said.
On the Nasdaq under the ticker symbol “APC,” the IPO is expected to close Feb. 13, the company said.
Arie Kotler, Arko president and CEO, rang the opening bell on Thursday at the Nasdaq MarketSite in New York.
Read the full story: Arko Petroleum goes public on Nasdaq under ‘APC’
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