Jersey Mike's will begin trading on the New York Stock Exchange under the ticker JMKE on July 30, 2026.
The initial public offering is priced at $23 per share. This price represents the midpoint of the company's targeted range. The offering targets a total valuation of approximately $8 billion. This deal marks one of the largest U.S. restaurant industry IPOs in recent years.
Blackstone acquired a majority stake in the sandwich chain in late 2024. The IPO aims to raise up to $1.09 billion. Existing stockholders, including Blackstone, are selling a significant portion of the shares.
Jersey Mike's will use proceeds from the new shares to repay debt. Remaining funds will support general corporate purposes.