Consumer

Convenience Store Chain Yesway Climbs After $280 Million IPO

Yesway Inc. signage during the company's initial public offering (IPO) at the Nasdaq MarketSite in New York on April 22.Photographer: Michael Nagle/Bloomberg

Yesway Inc. shares rose 6.2% in the company’s trading debut, after the convenience store operator raised $280 million in an upsized initial public offering.

The company’s shares closed at $21.23 each on Wednesday in New York, above its IPO price of $20 apiece. Yesway sold 14 million shares at the bottom of its $20 to $23 marketed range.