Jersey Mike's IPO Draws Demand More Than 10 Times Shares Offered
businessstocks 3 posts · 3 accounts
Investor demand for Jersey Mike's initial public offering has reached more than 10 times the number of available shares ahead of pricing on Wednesday, according to people familiar with the matter.
The Blackstone-backed sandwich chain is seeking to raise $1.1 billion at an $8 billion valuation.
From the sources (3 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