Credit: Shutterstock photoGPM Petroleum LP, which distributes motor fuel to GPM Investments' over 600 acquired convenience stores, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Richmond, VA-based company was founded in 2003 and booked $1.1 billion in sales for the 12 months ended March 31, 2017. It plans to list on the NYSE under the symbol GPMP. Raymond James, Wells Fargo Securities and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
The article GPM Petroleum LP files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
