Convenience Store Operator Yesway Raises $280 Million in US IPO

Convenience store operator Yesway Inc. raised $280 million in an upsized initial public offering priced at the bottom of the marketed range.

The Fort Worth, Texas-based chain sold 14 million shares at $20 each, according to a statement Tuesday. Yesway marketed 13.95 million shares for $20 to $23.

The pricing gives the company a market value of roughly $1.2 billion based on the number of outstanding shares listed in its filings.

Backed by Boston-based private equity firm Brookwood Financial Partners, Yesway is renowned for its food service offerings, diverse grocery selections and private-label products. As of Dec. 31, it ...