Overview
- Yesway shares begin trading Wednesday on the Nasdaq under the ticker YSWY after the company set the price at $20 for 14 million Class A shares.
- The sale raises about $280 million and values the retailer at roughly $1.21 billion.
- Underwriters have a 30-day option to buy up to 2.1 million additional shares at the IPO price.
- Morgan Stanley leads the offering, with J.P. Morgan and Goldman Sachs serving as active bookrunners.
- Founded in 2015 in Fort Worth with about 449 stores across nine Midwestern and Southwestern states, the company comes to market at the low end of its $20 to $23 range as consumer IPOs start to thaw.