---
title: "Jersey Mike’s debuts on NYSE with $1B IPO"
url: https://burnaze.com/article/1073c886-7118-4726-ba97-098bddb86c48
source: "Restaurant Dive"
original_url: https://www.restaurantdive.com/news/jersey-mikes-initial-public-offering-NYSE-debut-1-billion/826573/
author: "Julie Littman"
category: "Sandwich & sub"
industry: "Restaurants"
segment: "Sandwich & sub"
topics: ["Finance & M&A","Development & multi-unit"]
published: 2026-07-30T15:11:00.000Z
modified: 2026-10-31T13:16:30.127Z
image: https://imgproxy.divecdn.com/m2lSdgE5zNABzSzGcl1-QIclyvW_yHUKe0L7n-kTTWs/g:ce/rs:fit:770:435/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9HZXR0eUltYWdlcy0yMjcyNDY1NzkwLmpwZw==.webp
---

# Jersey Mike’s debuts on NYSE with $1B IPO

**TL;DR:** Jersey Mike's has launched its $1 billion initial public offering on the NYSE, marking the largest restaurant sector IPO since 2021. The company plans to use the proceeds to pay off debt and for general corporate purposes.

*By Julie Littman, originally published in Restaurant Dive on 2026-07-30. [Read the original](https://www.restaurantdive.com/news/jersey-mikes-initial-public-offering-NYSE-debut-1-billion/826573/).*

## Story

Jersey Mike’s plans to begin trading on Thursday in an initial public offering priced at $23 per share, according to a Wednesday press release.

At that price, the chain’s initial public offering of 43,478,261 shares will result in the company raising $1 billion. The chain previously said it expected its Class A common stock price to range from $21 to $25 per share.

Jersey Mike’s is now the largest restaurant sector IPO since Krispy Kreme went public in 2021 at $500 million. Black Rock Coffee went public last year, raising nearly $300 million, comparatively. Inspire Brands also shared its intent to go public earlier this year, but it has yet to share a price or timing of that offering.

The company will debut on the New York Stock Exchange under the ticker symbol “JMKE,” and the offering is expected to close on Friday.

Jersey Mike’s said it will use the proceeds from the issuance of over 13 million shares to pay off “certain indebtedness and for general corporate purposes.”

The fast casual chain has over 3,300 restaurants in the U.S. and Canada, but believes there is significant white space to reach 7,500 locations in the U.S. and grow to 15,000 units globally. It also has reported 20 years of positive same-store sales growth.

## Entities

- Finance (sector)
- Jersey Mike's (company)
- Restaurant Dive (publication)
- Inspire Brands (company)
- Krispy Kreme (company)
- ipo (topic)
- Julie Littman (person)
- NYSE (regulator)
- debt repayment (topic)
- restaurant sector (topic)
- nyse listing (topic)
- Black Rock Coffee (company)

---
Originally reported by Julie Littman, Restaurant Dive (https://www.restaurantdive.com/news/jersey-mikes-initial-public-offering-NYSE-debut-1-billion/826573/). Summarized by Burnaze (https://burnaze.com/article/1073c886-7118-4726-ba97-098bddb86c48).