Jersey Mike's IPO could raise over $1B

Jersey Mike's has launched a road show for its initial public offering, aiming to raise between $913 million and nearly $1.1 billion by offering 43,478,261 shares of Class A common stock priced at $21 to $25 per share. The sandwich chain, valued at approximately $1 billion, plans to list on the New York Stock Exchange under the ticker JMKE. If successful, this would be the largest restaurant industry IPO in 20 years, surpassing Krispy Kreme's $500 million IPO in 2021. Jersey Mike's has posted same-store sales growth for 20 consecutive years and achieved a compound annual growth rate of 18% from 2021 to 2025, reflecting strong investor appetite for restaurant stocks.

First published Aug 4, 01:50 PM UTCUpdated Jul 20, 10:56 AM UTC1 reports · 1 sources

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Jersey Mike's IPO could raise over $1B

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Jersey Mike's IPO could raise over $1BYahoo FinanceWesternJul 20, 10:56 AM UTC

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