Feb 12 (Reuters) - Fuel distributor ARKO Petroleum priced its upsized U.S. initial public offering at the low end of its ​indicated range, raising nearly $200 million.

The ‌Richmond, Virginia-based company sold 11.11 million shares at $18 apiece ⁠on Wednesday, compared with its marketed range ⁠of $18 to $20. The IPO valued ‌ARKO Petroleum ‌at about $819 million.

The IPO market has seen renewed momentum ​as soaring equity markets ‌and pent-up demand for new listings have sparked a flurry of activity ​in early 2026.

The ​company, which ‌is a subsidiary of convenience store operator ARKO Corp ( ARKO ), will list on the ⁠Nasdaq exchange under the symbol "APC."

ARKO Petroleum reported ⁠a profit of $24.7 million on revenue of $4.27 billion for the nine-month period ended September 30, compared with a $32.7 million profit ⁠on ‌revenue of $4.92 billion a year earlier.

The ‌company plans to use proceeds from the ⁠offering to pay down debt and for general corporate purposes.

ARKO Petroleum primarily engages in wholesale fuel distribution, catering to gas stations and third-party dealers in more than 30 U.S. states.

UBS Investment ​Bank, Raymond James, Stifel, Mizuho Securities and Capital One Securities are the joint bookrunners for ​the offering.