Convenience store operator Yesway sets terms for $300 million IPO
April 22, 2026 News
Convenience store operator Yesway prices IPO at the $20 low end
Yesway, a convenience store chain with over 400 locations throughout seven states, raised $280 million by offering 14 million shares at $20, the low end of the $20 to $23 range. The company offered 46.5 thousand more shares than anticipated.
IPO Overview
esway, a convenience store chain with over 400 locations throughout seven states, announced terms for its IPO on Monday.
The Fort Worth, TX-based company plans to raise $300 million by offering 14 million shares at a price range of $20 to $23.
Yesway states that it is one of the fastest-growing convenience store operators in the US, with 419 company-operated stores as of December 31, 2025, with 90 successful openings of new stores from 2020 to 2025. The company operates its portfolio primarily under two brands, Yesway and Allsup’s. Its sites are differentiated through a leading foodservice offering and a wide variety of grocery items and private-label products. Its geographic footprint consists of stores located in rural and suburban markets across the Midwest and Southwest.
Yesway was founded in 2015 and booked $2.7 billion in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol YSWY. Morgan Stanley, J.P. Morgan, Goldman Sachs, Barclays, BMO Capital Markets, KeyBanc Capital Markets, Guggenheim Securities, and Raymond James are the joint bookrunners on the deal. It is expected to price the week of April 20, 2026.
About the Company
Yesway is a U.S.-based convenience store operator that has rapidly grown since its inception in 2015. We operate our portfolio primarily under two successful brands, Yesway and Allsup’s. Our sites are differentiated through a leading foodservice offering, featuring Allsup’s famous deep-fried burrito, and a wide variety of high-quality grocery items and private-label products. Our geographic footprint consists of stores located in attractive rural and suburban markets across the Southwest and Midwest, where we often are the convenience retail destination of choice and, effectively, the local grocer. We have a successful track record of growing through new store development and 27 acquisitions and believe we are well-positioned to continue to solidify our market position and grow our store count. Established in 2015 by Brookwood, a leading real estate-focused private equity firm, Yesway was built by a team of seasoned industry veterans who brought decades of expertise to the convenience retailing industry. We have refined our foodservice platform and enhanced operational performance across our portfolio, creating a retail experience that resonates with our customers. This has resulted in exceptional customer loyalty, evidenced by our track record of continued same-store sales growth over the past three years and successful openings of 90 new stores from 2020 through December 31, 2025.