Jersey Mike's
Coverage of Jersey Mike's in the Nexus archive.
- 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.
- Jersey Mike's stock falls 2% in public market debut after pricing shares at $23
Jersey Mike's stock fell 2% in its public market debut after pricing shares at $23 per share in its initial public offering.
- 4 takeaways from Jersey Mike's IPO filing, from a $41 million jet to plans to quadruple stores
Jersey Mike's is preparing for an IPO with plans to expand its store count to 7,500 in the US and 15,000 globally, including 300 stores in Canada and 300 in the UK and Ireland. The company spent $41 million on a jet for founder Peter Cancro and highlights its protein-forward menu catering to dietary trends.
- Wall Street drifts as AI stocks hold steadier after last week’s losses
Wall Street ended mixed as AI-related stocks stabilized after recent losses, with the S&P 500 dipping 0.2% and the Dow Jones dropping 0.6%. Nvidia, Sandisk, and Advanced Micro Devices (AMD) showed gains, while concerns linger over AI investments' long-term profitability. Upcoming earnings reports from companies like Alphabet may provide clarity.
- Jersey Mike's is kicking off its IPO roadshow, targeting up to $1.09 billion
Jersey Mike's is launching its IPO roadshow with a target of raising up to $1.09 billion. The company plans to sell approximately 43.5 million shares at $21 to $25 each, potentially valuing it at nearly $8 billion.
- Ugly war erupts in Jersey Mike's store after woman asked for birthday discount and manager started cursing at her
A conflict erupted at a Jersey Mike's store when a woman requested a birthday discount and the manager responded with profanity. The incident is described as an 'ugly war' between the customer and the manager.
- Jersey Mike's files for IPO, plans NYSE listing under ticker JMKE
Jersey Mike's has filed for an IPO and plans to list on the NYSE under the ticker JMKE. The company reported a net income of $55 million with $724 million in revenue for 2025, showing a significant increase from the previous year.
- Sandwich chain Jersey Mike's files for IPO, reports 50% same-store sales growth in recent years
Jersey Mike's, a sandwich chain with nearly 3,300 locations, has filed for an IPO and reported 50% same-store sales growth in recent years. It is the second-largest hoagie sandwich chain in the U.S., trailing Subway.
- CEO of Jersey Mike’s American dream: turning NJ sandwich shop from high-school job into 3,500-location behemoth
Peter Cancro, founder of Jersey Mike's, began managing the original sub shop while still a senior in high school and expanded it into a 3,500-location chain. The article highlights his journey from a high-school job to building a major business.
- Blackstone-Backed Jersey Mike’s Submits Confidential IPO Filing
Jersey Mike's, backed by Blackstone, has submitted a confidential IPO filing. A specific Jersey Mike's restaurant in Walnut Creek, California is mentioned in the article.