Jersey Mike’s Launches $1B IPO on NYSE
Jersey Mike's Subs Inc., parent company to the sandwich chain Jersey Mike's, launched its initial public offering (IPO) seeking up to $1.09 billion by selling 43 million shares at a price range of $21–$25 per share under ticker symbol 'JMKE'. The IPO is expected to be one of the largest in the restaurant industry and follows recent private equity acquisition for $6.3 billion.
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