---
title: "Jersey Mike’s IPO could raise over $1B"
url: https://burnaze.com/article/82e0066a-b6f7-461a-852a-8f2eba35facb
source: "Restaurant Dive"
original_url: https://www.restaurantdive.com/news/jersey-mikes-ipo-pricing-1-billion/825623/
author: "Julie Littman"
category: "Restaurants"
industry: "Restaurants"
topics: ["Finance & M&A"]
published: 2026-07-20T14:56:00.000Z
modified: 2026-10-31T13:17:56.360Z
image: https://imgproxy.divecdn.com/MOnHEiTIph1tpKHxNAqgtgxuVWtHCuy7eU_VcpU8-BM/g:ce/rs:fit:770:435/Z3M6Ly9kaXZlc2l0ZS1zdG9yYWdlL2RpdmVpbWFnZS9HZXR0eUltYWdlcy0xMzc1MTczMjgyLmpwZw==.webp
---

# Jersey Mike’s IPO could raise over $1B

**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.

*By Julie Littman, originally published in Restaurant Dive on 2026-07-20. [Read the original](https://www.restaurantdive.com/news/jersey-mikes-ipo-pricing-1-billion/825623/).*

## Story

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.*

## Entities

- QSR (sector)
- restaurant industry (topic)
- Jersey Mike's (company)
- Restaurant Dive (publication)
- Krispy Kreme (company)
- ipo (topic)
- Julie Littman (person)
- valuation (topic)
- New York Stock Exchange (regulator)
- stock offering (topic)
- Aaron Allen & Associates (investor)

---
Originally reported by Julie Littman, Restaurant Dive (https://www.restaurantdive.com/news/jersey-mikes-ipo-pricing-1-billion/825623/). Summarized by Burnaze (https://burnaze.com/article/82e0066a-b6f7-461a-852a-8f2eba35facb).