BUSINESSQUARTZ
Jersey Mike's raised $1 billion in its NYSE debut, one of the biggest restaurant IPOs ever
Jersey Mike's raised $1 billion in its NYSE debut, selling 43.5 million shares at $23 each, valuing the company at $7.3 billion. This marks one of the largest restaurant IPOs on record.
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Adjacent reporting
- Jersey Mike's is kicking off its IPO roadshow, targeting up to $1.09 billion
- Sandwich Chain Jersey Mike’s, Backers Raise $1 Billion in IPO
- Jersey Mike’s aims to raise $1 billion in IPO that could value chain at $8 billion
- Jersey Mike’s IPO valuation could reach eight times Sweetgreen’s market cap
- Sandwich Chain Jersey Mike’s, Backers Seek $1.09 Billion in IPO