ARKO Petroleum Corp. (APC.US), a fuel distributor serving gas stations, sub-wholesalers, and other buyers, disclosed the terms for its initial public offering on Tuesday. The Richmond, Virginia-based company intends to offer 10.5 million shares priced between $18 and $20 apiece, aiming to raise $200 million. Based on the midpoint of its proposed price range, ARKO Petroleum would command a market valuation of approximately $865 million.

A subsidiary of ARKO Corp. (ARKO.US), ARKO Petroleum is a fuel distribution enterprise that delivered 1.5 billion gallons of fuel in the nine months ended September 30, 2025. Its operations are segmented into three primary divisions: wholesale—supplying fuel to third-party dealer stations and ARKO retail locations under long-term cost-plus or consignment agreements; fleet fueling—operating proprietary and third-party cardlock stations and issuing fuel cards; and the GPMP segment—providing fuel to retail sites on a cost-plus basis with a fixed per-gallon surcharge.

During the nine-month period concluding on September 30, 2025, its parent company, ARKO, was responsible for 42% of ARKO Petroleum's total revenue. Established in 2022, ARKO Petroleum plans to list on the Nasdaq exchange under the ticker symbol "APC". The joint bookrunning managers for the offering include UBS Investment Bank, Raymond James, Stifel, Mizuho Securities, and Capital One Securities. Pricing for the offering is anticipated to be finalized during the week of February 9, 2026.