Watch for the company's ability to maintain growth momentum with new store openings and manage the tax receivable agreement obligations to Brookwood, which could impact future cash flows.
Executive Summary
Yesway, Inc. is conducting an IPO to raise $265.5 million at a price of $21.50 per share. The company operates 448 convenience stores under the Yesway and Allsups brands, with strong financial performance in 2025 including $2.67 billion in revenue and $11.8 million in pro forma net income. The company has a dual-class structure giving Brookwood majority voting control.
Key Financial Metrics
Key Facts
- Yesway is conducting an IPO of 13,953,488 shares at $20.00-$23.00 per share
- Company operates 448 convenience stores under Yesway and Allsups brands
- 2025 revenue was $2.67 billion with $11.8 million in pro forma net income
- Brookwood will retain 52.3% voting power after the offering
- Company plans to use proceeds to redeem $249.3 million in preferred membership interests
Financial Impact
$265.5 million IPO proceeds at $21.50 per share
Risk Factors
- Brookwood maintains majority voting control
- Tax receivable agreement requires substantial future payments
- Dependence on fuel prices and consumer spending patterns
Documents Analyzed
This report is based on 2 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| S-1/A Filing (Primary) | 0001104659-26-042357 |
| Document: tm2527636d10_ex10-5a.htm | 0001104659-26-042357 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 13, 2026 7w ago | 8-K | $24.35 $22.95 | โฒ +5.75% | โฒ +4.00% | $19.83 (+18.56%) |
Jun 2, 2026 17w ago | 8-K | $20.00 $21.07 | โฒ +5.35% | โฒ +6.92% | $19.83 (โ0.85%) |
Jun 2, 2026 17w ago | Press Release | $20.00 $21.07 | โฒ +5.35% | โฒ +6.92% | $19.83 (โ0.85%) |
Apr 27, 2026 22w ago | 8-K | $24.23 $22.83 | โผ โ5.78% | โผ โ11.25% | $19.83 (โ18.16%) |
Apr 23, 2026 23w ago | 424B4 | $21.70 $23.11 | โฒ +6.50% | โฒ +1.86% | $19.83 (โ8.62%) |
Apr 23, 2026 23w ago | 3 | $21.70 $23.11 | โฒ +6.50% | โฒ +1.86% | $19.83 (โ8.62%) |
Apr 23, 2026 23w ago | 3 | $21.70 $23.11 | โฒ +6.50% | โฒ +1.86% | $19.83 (โ8.62%) |
Apr 22, 2026 23w ago | EFFECT | $21.23 $23.50 | โฒ +10.69% | โฒ +7.53% | $19.83 (โ6.59%) |
Apr 13, 2026 24w ago | S-1/A | โ | awaiting T+20 | โ | โ |
US Market Status
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