Fuel distribution company ARKO Petroleum filed for an initial public offering in the United States on Friday.
The U.S. IPO market has regained momentum following a period of market turbulence sparked by President Donald Trump’s trade policies that dampened new offerings. The Federal Reserve’s rate cuts have also revived investor confidence and appetite for new listings.
ARKO Petroleum is a fuel distributor that supplies wholesale motor fuel across more than 30 states.
The company will list on the Nasdaq under the symbol “APC”.
UBS Investment Bank, Raymond James and Stifel are among the underwriters for the offering.