Jersey Mike's Subs Files for NYSE IPO Under Ticker JMKE
Jersey Mike's Subs filed for an initial public offering on the New York Stock Exchange under the ticker symbol JMKE. The sandwich chain plans to raise more than $1 billion, valuing the business at approximately $12 billion according to sources familiar with the filing. The disclosure also highlights strong underlying demand, noting a 50% increase in same-store sales over recent years.
The offering provides a major exit route for Blackstone Group, which acquired the chain last year for $8 billion including debt. The IPO marks another entry into the pipeline of a recovering U.S. public listing market, as major exchanges and underwriters have progressively onboarded a steady stream of restaurant and consumer brand offerings this year.
From the sources (12 posts)
@stockmktnewzJersey Mike’s just filed to go public through a IPO on the NYSE
@negligible_cap*JERSEY MIKE'S SUBS FILES FOR IPO, SEEKING NYSE LISTING Jersey Mikes filed for IPO, ticker will be $JMKE
@zerohedge*JERSEY MIKE'S SUBS FILES FOR IPO, SEEKING NYSE LISTING
@exec_sumUPDATE: Jersey Mike's filed its S-1 for their upcoming IPO, with plans to list on the NYSE under ticker "JMKE"
@polymarketJUST IN: Jersey Mike’s Subs officially files for IPO, plans to list on the NYSE under “JMKE.”
@businessJersey Mike’s Subs, the sandwich chain backed by Blackstone, filed for an initial public offering that would join a rebound in US listing activity.
@exec_sumBREAKING: Blackstone-backed Jersey Mike's Subs filed for an IPO Blackstone acquired Jersey Mike's last year for $8B, including debt The firm is seeking to raise over $1B at a $12B valuation in an exit
@cnbcSandwich chain Jersey Mike's files for IPO, reports 50% same-store sales growth in recent years
@polymarketmoneyJUST IN: Jersey Mike’s Subs officially filed for IPO and plans to list on the NYSE under $JMKE.
@yahoofinanceJersey Mike’s is taking its subs to Wall Street.
@ftSandwich chain Jersey Mike’s files for IPO as Blackstone eyes windfall
@kalshiJUST IN: Jersey Mike's Subs files for IPO