The sandwich chain seeks to raise more than $1 billion through an IPO of 43.5 million Class A shares.
Jersey Mike’s Subs Inc. (JMKE) has launched its initial public offering roadshow, offering 43,478,261 Class A common shares. The shares will be sold by the company and certain stockholders, aiming to raise over $1 billion.
The IPO marks a significant move for the fast-casual restaurant chain, which has expanded rapidly in recent years. No pricing details or underwriters were disclosed in the announcement.
The offering follows a wave of restaurant IPOs, though market conditions remain cautious amid broader economic uncertainty.