TL;DR
Jersey Mike's has begun a road show for its proposed initial public offering, which could raise between $913 million and $1.1 billion and values the company at about $8 billion. The sandwich chain expects to offer 43,478,261 shares of Class A common stock between $21 to $25 per share.
Jersey Mike’s has begun a road show for its proposed initial public that puts Jersey Mike’s valuation is about $8 billion.
The sandwich chain expects to offer 43,478,261 shares of Class A common stock between $21 to $25 per share. At this price, Jersey Mike’s could raise between $913 million and nearly $1.1 billion.
Jersey Mike’s could secure the largest restaurant industry IPO of the past 20 years, far outpricing Krispy Kreme’s $500 million IPO in 2021, according to data from Aaron Allen & Associates.
Jersey Mike’s said it would list its Class A common stock on the New York Stock Exchange under the ticker symbol JMKE. The company did not say when it would begin trading.
The chain has posted same-store sales growth for 20 consecutive years. The fast casual sandwich chain has been on a rapid growth tear over the past five years, with sales rising at a compound annual growth rate of 18% from 2021 to 2025.
Correction: A previous version of this article incorrectly stated Jersey Mike’s estimated valuation, which is $8 billion.
In this story
This story was originally published by Julie Littman in Restaurant Dive on July 20, 2026. Burnaze summarizes and links to the original reporting.
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