Jersey Mike's Subs Prices IPO at $23/share
Jersey Mike's Subs has priced its initial public offering at $23 per share, raising a total of $1 billion. The sandwich chain is set to debut on the New York Stock Exchange (NYSE) and will trade under the ticker symbol JMKE. This pricing aligns with the midpoint of its previously indicated range. The IPO comes as part of Jersey Mike's strategy for growth following backing from Blackstone, a major private equity firm. The company’s public listing is expected to provide it with additional capital to support expansion and operational initiatives.
Tickers: $BX
Topics: initial public offering NYSE listing stock market debut