Jersey Mike's Files for IPO on NYSE After Strong Sales Growth
Jersey Mike's, the second-largest US sandwich chain, filed for an IPO on the NYSE under ticker 'JMKE' on July 2, 2026. The filing reveals 50% same-store sales growth from 2020-2025, $4.3 billion in system sales, and $55 million net income in 2025. Blackstone, which acquired a majority stake in 2024, backs the offering. The chain plans to expand to 7,500 US stores and 15,000 globally, including first UK locations in London by late 2026.
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Jersey Mike's IPO Filing Reveals Expansion Plans, Founder's Private Jet, and Family Payouts
Jersey Mike's is set to go public on the New York Stock Exchange under the ticker 'JMKE' with shares priced between $21 and $25. The sandwich chain, founded by Peter Cancro in 1975 and majority-owned by Blackstone since January 2025, filed an S-1 prospectus revealing ambitious expansion plans to more than quadruple its store base from 3,300 to up to 7,500 in the US and 15,000 globally, including 300 stores each in Canada and the UK/Ireland. The company positions its menu as 'protein-forward' to cater to protein consumption trends and GLP-1 weight-loss drug users. The filing also disclosed that Cancro's family members collectively made over $100 million between 2023 and 2025, and that the company purchased a $41 million private jet for Cancro in 2024, shortly before the Blackstone deal.
Jersey Mike's Files for IPO, Plans to Raise $1 Billion
Jersey Mike's, the 3,300-unit sandwich chain, has officially filed for an initial public offering (IPO) with the SEC, aiming to raise approximately $1 billion. The company expects an initial stock price between $21 and $25 per share and will trade on Nasdaq under the symbol JMKE. The IPO is expected on July 30, 2026. Proceeds of about $301 million from the issuance of 13.8 million shares will be used to pay down debt. Private equity firm Blackstone, which bought Jersey Mike's in January 2025 at an $8 billion valuation, will retain 76.5% voting control after the IPO. The company reported estimated system sales of $2.3 billion in the first half of 2026 with 2% same-store sales growth. Jersey Mike's has plans for international expansion including 300 units in Canada and 300 in the UK and Ireland.
Jersey Mike's IPO Could Yield $742 Million for Existing Shareholders
Jersey Mike's Subs, the sandwich chain with over 3,000 locations, plans to list on the New York Stock Exchange under the ticker 'JMKE'. An amended IPO filing on July 20, 2026, values the company at $8 billion and aims to raise $1.09 billion by offering 43.5 million shares priced between $21 and $25. Approximately 68% of the offering (29.6 million shares) will be sold by existing shareholders, potentially netting them $742 million at the top price. Major sellers include Blackstone (26.3 million shares) and Abu Dhabi Investment Authority (3.3 million shares). Blackstone will retain 76.5% voting control post-IPO. The filing also revealed substantial compensation to founder Peter Cancro's family members, including $50.5 million to his stepson, and the transfer of a $41 million aircraft to a Cancro-controlled entity. Jersey Mike's has posted 20 consecutive years of positive same-store sales growth.
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Jersey Mike's IPO Roadshow Targets Up to $1.09 Billion
Jersey Mike's Subs launched its IPO roadshow on July 20, 2026, setting terms to offer approximately 43.5 million Class A shares at $21 to $25 each, aiming to raise up to $1.09 billion. The company will sell about 13.8 million shares, while existing stockholders including Blackstone and the Abu Dhabi Investment Authority will sell roughly 29.7 million shares. At the $25 ceiling, the post-offering market capitalization would be about $7.94 billion. The Tinton Falls, New Jersey-based chain plans to list on the NYSE under ticker 'JMKE'. Morgan Stanley, Jefferies, and J.P. Morgan are global coordinators. Jersey Mike's operates over 3,300 locations, reported 2025 revenue of $724 million and net income of $55 million. Blackstone, which took a majority stake valued at roughly $8 billion, will control about two-thirds of voting power post-IPO. Founder Peter Cancro moved to chairman, with former Wingstop CEO Charlie Morrison now leading the company.
Jersey Mike's IPO Roadshow Targets Up to $1.09 Billion
Jersey Mike's Subs launched its IPO roadshow on July 20, 2026, setting terms to offer approximately 43.5 million Class A shares at $21 to $25 each, aiming to raise up to $1.09 billion. The company will sell 13.8 million shares, while existing stockholders including Blackstone and the Abu Dhabi Investment Authority will sell about 29.7 million shares. At the $25 ceiling, the post-offering market capitalization would be roughly $7.94 billion. The chain, based in Tinton Falls, New Jersey, plans to list on the NYSE under ticker 'JMKE'. Morgan Stanley, Jefferies, and J.P. Morgan are global coordinators. Jersey Mike's reported 2025 revenue of $724 million and net income of $55 million, with over 3,300 locations in the U.S. and Canada. Blackstone will control about two-thirds of voting power post-IPO.
Jersey Mike's Targets Nearly $8 Billion Valuation in IPO
Jersey Mike's has set its IPO price range at $21 to $25 per share, implying a valuation between $6.67 billion and $7.94 billion. The sandwich chain could raise up to $1.09 billion in gross proceeds and will list on the NYSE under ticker 'JMKE'. Founded in 1956, the company operates over 3,300 restaurants in the U.S. and Canada, reporting $4.3 billion in systemwide sales in 2025 and average unit volumes of approximately $1.4 million. It has posted 20 consecutive years of positive same-store sales growth, with a loyalty program of over 12 million active members. Blackstone, which acquired a majority stake in early 2025, is expected to retain majority voting control post-IPO. The company sees potential for 7,500 U.S. locations and up to 15,000 worldwide, with a development pipeline of over 1,600 restaurants.
Jersey Mike's Launches IPO, Seeks Up to $1 Billion
Jersey Mike's Subs Inc. launched its initial public offering on July 20, 2026, aiming to raise up to $1.09 billion by offering 43.5 million shares of Class A common stock priced between $21 and $25 per share. The stock will trade on the New York Stock Exchange under the ticker 'JMKE'. The IPO is expected to be the largest in the restaurant industry, with underwriters having a 30-day option to purchase additional shares. The move comes less than two years after private-equity firm Blackstone acquired the sandwich chain for $6.3 billion. CEO Charlie Morrison, who previously took Wingstop public, now leads the company. Founder Peter Cancro retains meaningful equity and is the master franchisee for the UK and Ireland, where the first London location is planned. The 3,300-unit chain sees potential for up to 7,500 U.S. locations and 15,000 globally. Jersey Mike's has recorded 20 consecutive years of same-store sales growth, with average unit sales of $1.4 million last year. The IPO could push the company's market capitalization to nearly $8 billion.
Jersey Mike's Begins IPO Road Show, Targets Valuation Up to Nearly $8 Billion
Jersey Mike's Subs has launched the road show for its initial public offering (IPO), aiming to raise up to $1.1 billion by selling 43.5 million shares priced between $21 and $25 each. The sandwich chain targets a market valuation of up to $7.9 billion. The offering includes 13.8 million new shares and 29.7 million shares sold by existing investors, including Blackstone and the Abu Dhabi Investment Authority. Following the IPO, Blackstone is expected to retain majority voting control. Net proceeds of about $301 million will be used for general corporate purposes, including strengthening the balance sheet and potentially reducing debt. The IPO could become the largest restaurant industry public offering in two decades, surpassing Krispy Kreme's 2021 IPO. Jersey Mike's operates nearly 3,300 locations across the US and is the second-largest US sandwich chain by store count behind Subway. The stock will list on the NYSE under ticker 'JMKE'.
Jersey Mike's Begins IPO Road Show, Targets Valuation Up to Nearly $8 Billion
Jersey Mike's Subs has launched its IPO road show, aiming to raise up to $1.1 billion by offering 43.5 million shares priced between $21 and $25 each. The sandwich chain targets a market capitalization of up to $7.9 billion at the top end of the range. The company plans to list on the NYSE under ticker 'JMKE'. Existing shareholders, including Blackstone and the Abu Dhabi Investment Authority, are selling approximately 29.7 million shares, while Jersey Mike's will issue 13.8 million new shares. Blackstone is expected to retain majority voting control post-IPO. Net proceeds of about $301 million will be used for general corporate purposes, including debt reduction. The IPO could become the largest restaurant industry public offering in two decades, surpassing Krispy Kreme's 2021 IPO. Jersey Mike's operates nearly 3,300 locations across the US.
Jersey Mike's Sets IPO Terms That Could Push Market Cap Toward $8 Billion
Jersey Mike's Subs, the sandwich chain backed by private-equity firm Blackstone, announced terms for its planned initial public offering (IPO) on Monday. The company plans to sell nearly 13.8 million shares at a price range of $21 to $25 each. Based on the midpoint of this range, the IPO could give Jersey Mike's an initial market capitalization approaching $8 billion. The move marks a significant step for the fast-casual restaurant chain as it enters public markets.
Jersey Mike's $12 Billion IPO Filing Reveals $50 Million Payday for Founder's Stepson and $41 Million Jet
Jersey Mike's has filed for an initial public offering (IPO) valued at approximately $12 billion, with its S-1 prospectus revealing significant compensation and perks for founder Peter Cancro and his family. Cancro's stepson Phillip Sivolobov received $50.5 million in compensation from 2023 to 2025, while Cancro's brother John Cancro received about $21 million and brother-in-law Daniel Powers over $31 million. The filing also disclosed that a $41 million aircraft was transferred to an entity controlled by Cancro following Blackstone's majority stake acquisition in 2024, with the company paying Cancro $166,666.66 monthly for air travel expenses. Cancro stepped down as CEO in April 2025 and is succeeded by former Wingstop CEO Charlie Morrison. Jersey Mike's, the second-largest sandwich chain in the U.S. with nearly 3,300 locations, reported net income of $55 million on $724 million in revenue last year. The IPO will trade on the NYSE under 'JMKE'.
Jersey Mike's Files for IPO, Targeting $12 Billion Valuation
Jersey Mike's Subs has filed its S-1 registration statement with the SEC to go public on the NYSE under the ticker 'JMKE'. Backed by private equity firm Blackstone, the sandwich chain is seeking a valuation of at least $12 billion and expects to raise over $1 billion. The filing reveals strong financials: systemwide sales of $4.3 billion in 2025, up 13% year-over-year, with net income of $55 million. The company operates over 3,300 locations, 99% franchised, and plans to expand to 7,500 domestic and 15,000 global stores. However, the IPO prospectus also highlights governance concerns, including over $50.5 million in compensation to the founder's stepson and $2.1 billion in long-term debt. The IPO is well-timed amid a record first-half IPO market in 2026.
Blackstone Files to Take Jersey Mike's Public
Blackstone has filed an S-1 with the SEC to take Jersey Mike's Subs public on the NYSE under the ticker 'JMKE'. The IPO is expected to raise over $1 billion at a valuation of at least $12 billion. Proceeds will partly repay $760 million in debt and fund a dividend to Blackstone. The sandwich chain, founded in 1956, generated $4.2 billion in 2025 sales, up 13% YoY, with adjusted EBITDA of $339 million (+29%). Same-store sales grew 50% cumulatively from 2020 to 2025. Blackstone acquired the company in late 2024 for $8 billion and will retain majority voting power post-IPO. Lead underwriters are Morgan Stanley, Jefferies, and JPMorgan. The move reflects a broader trend of PE firms turning to IPOs amid a sluggish M&A market.
Jersey Mike's Files for IPO After Years of Explosive Growth
Jersey Mike's, the fast-casual sandwich chain, has filed its registration statement with the SEC for an initial public offering on the NYSE under the ticker 'JMKE'. The filing reveals the company operates approximately 3,300 restaurants in the U.S. and Canada, generating $4.3 billion in annual systemwide sales and $1.4 million in average unit volume. In fiscal 2025, the company reported about $55 million in net income with a 47% adjusted EBITDA margin. The chain has a development pipeline exceeding 1,600 future restaurants, with potential for up to 7,500 U.S. locations and 15,000 internationally. CEO Charlie Morrison, formerly of Wingstop, outlined four strategic priorities including domestic expansion, operational excellence, digital engagement, and global growth. The IPO follows Blackstone's majority stake acquisition in late 2024 and founder Peter Cancro's transition from CEO to significant shareholder and director.
Jersey Mike's Files for IPO Amid Rapid Sales Growth and Expansion Plans
Jersey Mike's sandwich chain has filed for an initial public offering on the New York Stock Exchange under the ticker 'JMKE'. The filing reveals strong financial performance: same-store sales grew 50% between 2020 and 2025, and systemwide sales reached $4.3 billion in 2025, a 13% year-over-year increase. The chain operates roughly 3,300 locations across all 50 US states, 99% of which are franchised, and plans to open 7,500 more domestic stores. Long-term global targets aim for 15,000 stores, with development agreements for 300 stores in Canada by 2034 and 300 in the UK and Ireland. Founded in 1956 and franchised since 1987, Jersey Mike's was recently named America's top-rated quick-service restaurant by the American Customer Satisfaction Index, ending Chick-fil-A's 11-year streak. Blackstone acquired a majority stake in November 2024 and appointed former WingStop CEO Charlie Morrison to lead the company.
Jersey Mike’s IPO Will Test Wall Street’s Appetite for Restaurant Stocks
Jersey Mike's is preparing for an initial public offering on the New York Stock Exchange under the ticker symbol JMKE, as reported by Barron's via Yahoo Finance on July 3, 2026. The IPO will test Wall Street's appetite for restaurant stocks amid a challenging consumer environment where many industry peers continue to struggle. The article highlights that the IPO is a key event for investors evaluating the restaurant sector's performance and market conditions. Underwriters for the offering include Morgan Stanley, Jefferies, JPMorgan, and Blackstone, indicating strong institutional backing. The outcome of this IPO may provide insights into broader market trends for dining and consumer discretionary stocks.
Jersey Mike's Officially Files for IPO, Sets Stage for Major Restaurant Industry Debut
Jersey Mike's filed documents with federal securities regulators for a $100 million initial public offering on July 2, 2026, marking a major milestone for the fast-growing sandwich chain. The IPO comes less than two years after the company was acquired by private-equity firm Blackstone, and follows significant changes including a new CEO and planned headquarters relocation. With $4.3 billion in system sales, average-unit volumes near $1.4 million, and 20 consecutive years of same-store sales growth, Jersey Mike's boasts some of the strongest unit economics in the sandwich sector. The company plans to use IPO proceeds primarily to pay down debt incurred from a $760 million whole business securitization earlier this year. It also aims to open its first UK locations in London by late 2026, led by founder Peter Cancro under a master franchise agreement. CEO Charlie Morrison highlighted further domestic growth potential, with over 3,300 stores currently operating across the U.S. and Canada. The offering could be one of the largest restaurant IPOs in recent years, though an expected IPO from Dunkin' owner Inspire Brands may surpass it.
Sandwich chain Jersey Mike's files for IPO, reports 50% same-store sales growth in recent years
Jersey Mike's, the second-largest hoagie sandwich chain in the US behind Subway, has filed for an initial public offering on the New York Stock Exchange under the ticker 'JMKE'. The regulatory filing reveals cumulative same-store sales growth of 50% from 2020 through 2025, with 3% growth in 2025 alone. Net income surged to $55 million on total revenue of $724 million in 2025, up from $5 million on $653 million in 2024. Annual system sales reached $4.3 billion, a 13% increase year-over-year. The chain has nearly 3,300 locations, about 2,000 of which opened in the last decade, and nearly all are franchised. The IPO follows Blackstone's majority stake acquisition in 2024, which valued the chain at roughly $8 billion. Founder Peter Cancro retains meaningful equity and a board seat.