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US Retailer Yesway Files to Go Public

US Retailer Yesway Files to Go Public

Private equity-backed Yesway Inc., one of the fastest-growing convenience-fuel
chains in the U.S., announced that it has filed a registration statement with
the U.S. Securities and Exchange Commission proposing an initial public
offering.

The company has applied to list its stock on the Nasdaq Global Select Market
under the symbol "YSWY." The number of shares to be offered and price range for
the offering have not been determined, according to a press release.

The offering is "subject to market conditions, and there can be no assurance as
to whether or when the offering may be completed, or as to the actual size or
terms of the offering," Yesway said.

Morgan Stanley, J.P. Morgan, Goldman Sachs & Co. LLC, BMO Capital Markets and
Barclays are acting as joint bookrunning managers for the proposed offering.

Formed in 2015, Yesway is a multi-branded marketer that "acquires, transforms,
and enhances portfolios of convenience stores by leveraging expertise in real
estate and technology, and by implementing data-driven decision making." Yesway
has a network of 403 stores, after most recently purchasing the 302-store
Allsup's convenience store chain. The chain spans nine states: Texas, New
Mexico, South Dakota, Iowa, Kansas, Missouri, Wyoming, Oklahoma and Nebraska.

--Reporting by Donna Harris, dharris@opisnet.com; Editing by Michael Kelly,
michael.kelly3@ihsmarkit.com



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