ARKO (Nasdaq: ARKO) and ARKO Petroleum (Nasdaq: APC) announced the closing of APC’s IPO on Feb 13, 2026. APC sold 11,111,111 Class A shares at $18.00 per share, with total net proceeds of approximately $183.2 million.
ARKO retains 35,000,000 Class B shares, representing 75.9% economic interest and 94.0% combined voting power (73.3% economic interest and 93.2% voting power if over-allotment exercised). APC’s Class A shares trade under APC on Nasdaq.
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Net proceeds of $183.2 million from the IPO
ARKO retains 75.9% economic interest in APC post-IPO
94.0% combined voting power retained by ARKO (pre-over-allotment)
Public float limited by ARKO’s high residual ownership, reducing free-float liquidity
Underwriters hold a 30-day 1.67M share option, which may modestly increase supply
IPO shares issued
11,111,111 shares
APC Class A common stock sold in IPO
IPO price
$18.00 per share
APC Class A IPO price to the public
Over-allotment option
1,666,666 shares
Additional APC Class A shares for underwriters’ 30-day option
Net proceeds
$183.2 million
Total net proceeds from APC’s IPO
ARKO APC Class B stake
35,000,000 shares
ARKO ownership of APC Class B common stock post‑IPO
Economic interest
75.9%
ARKO’s economic interest in APC post‑IPO
Voting power
94.0%
ARKO’s combined voting power in APC post‑IPO
Underwriter option period
30 days
Duration of over-allotment option at IPO price
$6.33
Last Close
Volume
Volume 247,659 is 0.49x the 20-day average, indicating subdued trading activity pre‑announcement.
low
Technical
Shares trade above the 200-day MA of $4.71, suggesting a recovery phase ahead of the IPO-closing news.
ARKO gained 3.09% while peers were mixed (e.g., WOOF up 3.29%, FLWS down 3.26%), pointing to stock-specific drivers rather than a sector-wide move.
Date
Event
Sentiment
Move
Catalyst
Feb 11
Positive
-2.5%
Announced final pricing and size of APC’s IPO ahead of trading debut.
Feb 03
Positive
+11.8%
Launched APC IPO roadshow targeting capital raise with defined price range.
Dec 19
Neutral
-2.2%
Filed Form S-1 for APC, outlining structure and business scope of the spin.
Past IPO/offering headlines for APC have produced mixed reactions for ARKO: one strong gain against two modest declines, indicating inconsistent sentiment around these deals.
Over the past few months, ARKO has advanced a multi‑step IPO process for its subsidiary ARKO Petroleum Corp. Starting with an S-1 filing on Dec 19, 2025, it moved to launch the IPO roadshow on Feb 3, 2026, then priced the deal on Feb 11, 2026. Market reactions to these IPO-related updates ranged from about -2% to nearly +12%. Today’s announcement of the IPO closing fits as the culmination of that sequence, with a modestly positive pre‑news price move of 3.09%.
+2.4%
Average Historical Move
IPO,offering
Prior APC IPO/offering headlines moved ARKO by an average of 2.36%. The current 3.09% pre‑closing move sits slightly above that typical reaction range.
IPO-related news has progressed from an S-1 filing in Dec 2025 to launching the APC IPO roadshow, then pricing the deal in Feb 2026, with today’s article marking the formal closing of the offering and listing of APC on Nasdaq.
This announcement confirms the completion of ARKO Petroleum Corp.’s IPO at $18.00 per share, generating net proceeds of $183.2 million and listing APC on Nasdaq. ARKO retains 35,000,000 Class B shares, representing 75.9% of APC’s economic interests and 94.0% of voting power. Historically, APC IPO headlines have produced mixed single‑day moves for ARKO, so investors often focus on how this structure affects future earnings, leverage, and capital deployment.
initial public offering
financial
“announced the closing on February 13, 2026 of APC’s initial public offering”
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
class a common stock
financial
“IPO of 11,111,111 shares of its Class A common stock at a price”
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
class b common stock
financial
“ARKO owned 35,000,000 shares of APC’s Class B common stock”
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
over-allotments
financial
“option to purchase up to an additional 1,666,666 shares … to cover over-allotments”
An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.
registration statement on form s-1
regulatory
“A registration statement on Form S-1 relating to these securities was declared effective”
A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.
prospectus
regulatory
“The IPO was made only by means of a prospectus. A copy of the final prospectus”
A prospectus is a detailed document that explains a company’s plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you’re buying into.
AI-generated analysis. Not financial advice.
02/17/2026 – 08:00 AM
RICHMOND, Va., Feb. 17, 2026 (GLOBE NEWSWIRE) — ARKO Corp. (Nasdaq: ARKO) (“ARKO”) and ARKO Petroleum Corp. (Nasdaq: APC) (“APC”), today announced the closing on February 13, 2026 of APC’s initial public offering (the “IPO”) of 11,111,111 shares of its Class A common stock at a price to the public at $18.00 per share (the “IPO Price”). In addition, APC has granted the underwriters a 30-day option to purchase up to an additional 1,666,666 shares of APC’s Class A common stock to cover over-allotments, if any, at the IPO Price, less underwriting discounts and commissions. The total net proceeds from the offering were approximately $183.2 million. APC’s Class A common stock is listed on the Nasdaq Capital Market under the symbol “APC.”
Upon the closing of the IPO, ARKO owned 35,000,000 shares of APC’s Class B common stock, representing 75.9% of the economic interests in APC and 94.0% of the combined voting power of APC’s Class A common stock and Class B common stock (or 73.3% of the economic interests in APC and 93.2% of the combined voting power if the underwriters exercise their over-allotment).
UBS Investment Bank, Raymond James and Stifel served as lead book-running managers in the IPO. Mizuho and Capital One Securities acted as joint book-running managers in the IPO.
A registration statement on Form S-1 relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “Commission”) on February 11, 2026. Copies of the registration statement can be accessed through the Commission’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The IPO was made only by means of a prospectus. A copy of the final prospectus related to the IPO may be obtained from UBS Securities LLC, Attention: Prospectus Department, 11 Madison Avenue, New York, New York 10010, by telephone at (888) 827-7275 or by email at ol-prospectus-request@ubs.com; Raymond James & Associates, Inc., Attention: Syndicate, 880 Carillon Parkway, St. Petersburg, Florida 33716, by telephone at (800) 248-8863 or by email at prospectus@raymondjames.com; or Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, 1201 Wills Street, Suite 600 Baltimore, MD 21231, by telephone at (855) 300-7136 or by email at syndprospectus@stifel.com.
About ARKO Corp.
Based in Richmond, VA, ARKO Corp. (Nasdaq: ARKO) is a Fortune 500 company that is one of the largest operators of convenience stores and wholesalers of fuel in the United States. ARKO Corp. operates, directly or through its majority ownership of ARKO Petroleum Corp., in four reportable segments: retail, which includes convenience stores selling merchandise and fuel products to retail customers through our highly recognizable Family of Community Brands; wholesale, which supplies fuel to independent dealers and consignment agents; fleet fueling, which includes the operation of proprietary and third-party cardlock locations, and issuance of proprietary fuel cards that provide customers access to a nationwide network of fueling sites; and GPM Petroleum, which sells and supplies fuel to substantially all of our retail sites and ARKO Petroleum Corp.’s wholesale sites and charges a fixed fee, primarily to ARKO Petroleum Corp.’s fleet fueling sites.
About ARKO Petroleum Corp.
ARKO Petroleum Corp. (Nasdaq: APC) is a growth-oriented, fuel distribution company and one of the largest wholesale fuel distributors by gallons in North America, supplying customers in more than 30 states across the Mid-Atlantic, Midwestern, Northeastern, Southeastern, and Southwestern United States.
Media Contact
Jordan Mann
ARKO Corp.
ARKO Petroleum Corp.
investors@gpminvestments.com
Investor Contact
Sean Mansouri, CFA
Elevate IR
(720) 330-2829
ARKO@elevate-ir.com
FAQ
APC sold 11,111,111 Class A shares at $18.00 per share. According to ARKO, the offering closed on Feb 13, 2026 and generated net proceeds of about $183.2 million, before potential over-allotment sales.
ARKO retains 35,000,000 Class B shares, representing 75.9% economic interest. According to ARKO, that holding also represents 94.0% of combined voting power prior to any over-allotment.
APC’s Class A common stock is listed on Nasdaq under APC. According to ARKO, the IPO closed on Feb 13, 2026 and shares began trading on the Nasdaq Capital Market thereafter.
Underwriters have a 30-day option for 1,666,666 shares to cover over-allotments. According to ARKO, that option may be exercised at the IPO price less discounts and commissions, modestly increasing share supply.
UBS, Raymond James and Stifel served as lead book-running managers. According to ARKO, the final prospectus is available from UBS, Raymond James, and Stifel via their syndicate contacts.
The offering price was $18.00 per share, and net proceeds were about $183.2 million. According to ARKO, that figure reflects proceeds after underwriting discounts and commissions, before any exercise of over-allotment.