Jersey Mike's closes its initial public offering
The company sold 43.5 million shares at $23 each, raising about $1 billion for debt repayment and general corporate purposes.
See the latest news and media coverage for Jersey Mike's. We track all announcements, press releases, and industry mentions in real time, all in one place.
Sub sandwich restaurant chain
jerseymikes.comLast updated
In short: Jersey Mike's completed a $1 billion IPO and agreed to a majority stake sale to Blackstone, valuing the sandwich chain at $8 billion.
The company sold 43.5 million shares at $23 each, raising about $1 billion for debt repayment and general corporate purposes.
The company priced 43.48 million shares at $23.00 each, expecting to trade on NYSE under JMKE on July 30.
The company plans to sell 43.5 million shares priced between $21 and $25, listing on NYSE under ticker JMKE.
The company signed a franchise agreement with JM Submarines UK LTD to open 400 stores, with founder Peter Cancro leading the expansion.
Jersey Mike’s shares opened 8.7% below their initial public offering price on Thursday, giving the sandwich chain a valuation of about $6.7 billion in its...
Jersey Mike's has nearly 3,300 locations, making it the second-largest hoagie sandwich chain in the U.S. behind Subway. It's now the largest public chain in...
Shares of Jersey Mike's opened below their IPO price, testing investor appetite for a growing restaurant chain with global ambitions.
From one Jersey sub shop to a $7.3B market debut. Meta is feeding AI—and starving free cash flow. Starbucks stock perks up after an earnings...
Track Jersey Mike's and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.
Discover what's making headlines across other trending companies.