The IPO Buzz: ARKO Petroleum (APC) Upsizes IPO & Prices IPO at $18 – Low End

Someone at ARKO Petroleum (APC) must love the number “11,” it seems. ARKO Petroleum (APC) increased its IPO’s size to 11.11 million shares – up from 10.5 million shares in the prospectus – and priced its IPO at $18.00 – the low end of its $18.00-to-$20.00 range – to raise $200 million on Wednesday night, Feb. 11, 2026. At pricing, ARKO Petroleum (APC) had a market cap of $830 million.

ARKO Petroleum (APC) is expected to start trading today – Thursday, Feb. 12, 2026 – on the NASDAQ.

UBS Investment Bank led the team of joint book-runners Raymond James, Stifel, Mizuho and Capital One Securities.

ARKO Petroleum (APC) is a classic dividend play. The company plans to pay a quarterly dividend of 50 cents a share – an annual payout of $2.00 per share.

“I love it. It’s a shareholder-friendly thing to do,” a veteran IPO pro said.

The Richmond, Virginia-based company intends to use the IPO’s proceeds to pay off debt, according to the prospectus.

Raymond James and Capital One Securities are among the lenders that will be repaid. For that reason, they were deemed to have “conflicts of interest” with respect to their roles as underwriters in the IPO, the prospectus said.

ARKO Petroleum (APC) sells gasoline at the company’s nationwide network of convenience stores – and it also runs a wholesale fuel business and a fleet fueling business, according to the prospectus.

ARKO Corp., the parent company, will still control ARKO Petroleum (APC) after the IPO. ARKO Parent owns all of ARKO Petroleum’s Class B stock, which will represent 94.3 percent of the combined voting power of its Class A and Class B stock after the IPO, the prospectus said.

ARKO Petroleum (APC) is profitable, according to financial statements in the prospectus: It reported net income of $32.2 million on revenue of $5.72 billion for the 12 months that ended Sept. 30, 2025.

(For more information about this company, please check the IPO Calendar and the individual IPO Profile found on the IPOScoop.com website.)

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Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.