Jersey Mike’s Prices IPO at $23, Raises $1 Billion at Midpoint of Range
Jersey Mike’s priced its initial public offering at $23 a share, raising $1 billion for the sandwich chain and some shareholders at the midpoint of its marketed pricing range.
Demand for the offering exceeded the available shares by more than 10 times prior to pricing.
From the sources (8 posts)
@stockmktnewzThe Jersey Mike's IPO is reportedly 10x oversubscribed
@exec_sumBREAKING: Jersey Mike's IPO is over 10x oversubscribed The Blackstone-backed sandwich chain is seeking to raise $1.1B at an $8B valuation
@businessJersey Mike’s IPO has attracted investor demand for more than 10 times the available shares ahead of pricing on Wednesday, according to people familiar with the matter
@cointelegraph⚡️ NEW: Kraken is opening the Jersey Mike’s IPO to retail investors through direct allocations and tokenized shares backed 1:1 by the underlying stock.
@krakenfxMost retail investors have been locked out of IPOs, gated by wealth or geography. Until now. Jersey Mike’s is going public. We’re giving you access at the offering price: US (JMKE), @xStocksFi, in 110+ countries
@businessJersey Mike’s Subs and some of its shareholders raised $1 billion in an IPO that priced at the midpoint of its marketed range
@stockmktnewzJersey Mike’s priced it’s IPO in the middle of its expected range
@wallstengineJERSEY MIKE’S IPO PRICES AT $23/SHR, MIDDLE OF RANGE