Jersey Mike's Subs has begun the roadshow for its initial public offering, aiming to raise more than $1 billion. The company and certain stockholders are offering 43,478,261 shares of Class A common stock at an expected price range of $21.00 to $25.00 per share, with underwriters granted a 30-day option to purchase up to an additional 6,521,739 shares for over-allotments. At the high end, the IPO would value the sandwich chain at over $12 billion, making it the ninth-largest restaurant company in the U.S. by market cap. Jersey Mike's operates over 3,300 locations and reported fiscal 2025 revenue of over $4 billion, including franchised locations, with net income of $55 million. The company recently passed Chick-fil-A as the highest-rated quick-service restaurant brand in the American Customer Satisfaction Index and has signed a franchise agreement to open 400 stores in the United Kingdom and Ireland as part of a global expansion.
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Domino's Pizza Inc Common StockJersey Mike's is launching its IPO roadshow to raise over $1 billion.