Jersey Mike’s Subs Inc. and its existing shareholders are pursuing an initial public offering (IPO) that would raise as much as $1.09 billion, according to multiple reports. The company is targeting a listing on the New York Stock Exchange under the ticker symbol “JMKE.” Several sources describe the offering size and pricing range as part of the roadshow, which is set to determine final terms. Quartz reports the company plans to sell about 43.5 million shares priced between $21 and $25 per share. At the top end of that range, other outlets estimate the chain could reach a valuation of nearly $8 billion, based on its outstanding shares as disclosed in filings. Forbes adds that the IPO structure would provide substantial proceeds to existing shareholders, estimating that they could receive about $742 million. Across the coverage, all sources align on the core elements: the IPO size target of up to $1.09 billion, the planned NYSE listing and ticker, and the valuation implied by the high end of the proposed share-price range.
Jersey Mike’s plans IPO raising up to $1.09 billion, targeting near $8 billion valuation
Jersey Mike’s Subs Inc. and its existing shareholders are pursuing an initial public offering (IPO) that would raise as much as $1.09 billion, according to multiple reports. The company is targeting a...
- Jersey Mike’s Subs Inc. and shareholders seek to raise up to $1.09 billion in an IPO.
- The company plans to list on the New York Stock Exchange under the ticker “JMKE.”
- The IPO pricing range reported is $21 to $25 per share.
- Quartz reports the offering would involve about 43.5 million shares.
- At the high end of the proposed range, the company could be valued at nearly $8 billion, with most proceeds going to existing shareholders.
The sandwich chain plans to list on the New York Stock Exchange under the “JMKE” ticker.
10 hours agoThe sandwich chain plans to sell roughly 43.5 million shares at $21 to $25 each, which could value it at nearly $8 billion
10 hours agoAt the top end of the range, Jersey Mike’s would hit a market value of nearly $8 billion based on the outstanding shares listed in its filing.
11 hours agoSandwich chain Jersey Mike’s Subs Inc. and its shareholders are looking to raise as much as $1.09 billion in an initial public offering, as consumer-oriented companies join the US listing rebound.
16 hours agoSandwich chain Jersey Mike’s Subs Inc. and its shareholders are looking to raise as much as $1.09 billion in an initial public offering, as consumer-oriented companies join the US listing rebound.
17 hours ago
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