Morgan Stanley, Jefferies, and J.P. Morgan acted as global coordinators and joint bookrunning managers for the offering.
IPO debut and pricing
Fast-casual restaurant franchisor Jersey Mike's Subs' JMKE.N shares recently indicated to open between $23-$24 in New York debut after a $1 billion US IPO.
Tinton Falls, New Jersey-based Jersey Mike's and selling shareholders sold 43.5 million shares in the IPO at $23 apiece, the midpoint of the marketed range of $21 to $25 per share.
The listing will test investor demand for consumer discretionary IPOs, a sector that has spent most of 2026 on the sidelines.
Company background and expansion
Founded in 1956 as Mike's Subs in Point Pleasant, Jersey Mike's has grown from a single neighborhood sub shop into one of the fastest-growing restaurant brands in America.
JMKE has more than 3,300 locations across the U.S. and Canada with plans to expand abroad.
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