Convenience Store Chain Yesway Raises $280 Million in IPO
The Texas-based company sold 14 million shares at $20 each, valuing the firm at $1.21 billion. Trading begins today on the Nasdaq exchange under symbol YSWY.
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The convenience store operator Yesway has successfully raised $280 million through its initial public offering in the United States. The Fort Worth, Texas-based company sold 14 million shares at $20 each, a price point at the bottom of its initial target range of $20 to $23 per share. Based on this pricing, the company is valued at approximately $1.21 billion.
