EG Group confidentially files for $1 billion US IPO

Corporate Action
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Summary · why it matters

EG Group has confidentially filed for an initial public offering that could raise around $1 billion. The UK-based convenience store and gas station operator, backed by TDR Capital, is targeting a valuation of approximately $9 billion and could make its US market debut as early as July, according to Bloomberg. The deal's size and timing have not yet been finalized, people close to the matter said. EG Group joins a wave of convenience store operators exploring public listings, following Texas-based Yesway's market debut earlier this year, while 7-Eleven owner Seven & I Holdings has reportedly delayed its North American IPO to fiscal 2027.

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Consumer Discretionary · 2 stocks
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Off-coverage companies 2

EG GroupPrivate▲ Positive
Capitalrelevance

EG Group confidentially files for $1 billion US IPO, targeting $9 billion valuation.

TDR Capital LLPPrivate▲ Positive
Capitalrelevance

TDR Capital backs EG Group and stands to benefit from the IPO as a major investor.