Convenience Store Firm Arko’s Fuel Unit Seeks $210M in IPO

Arko Petroleum Corp., the fuel wholesaler subsidiary of convenience store firm Arko Corp., is seeking to raise as much as $210 million in an initial public offering that could value the company close to $1 billion.

The Richmond, Virginia-based fuel distributor plans to market 10.5 million shares for $18 to $20 each, according to a filing with the US Securities and Exchange Commission Tuesday.