Fuel Wholesaler Arko Petroleum Raises $200 Million in US IPO

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Arko Petroleum Corp., the fuel wholesaler subsidiary of convenience store firm Arko Corp., raised $200 million in an upsized initial public offering that priced at the bottom of a marketed range.The Richmond, Virginia-based fuel distributor sold about 11.1 million shares at $18 each, according to a statementBloomberg Terminal Wednesday. Arko Petroleum had marketed 10.5 million shares for $18 to $20 each, according to earlier filings with the US Securities and Exchange Commission.