Jersey Mike’s Subs Inc. launches its initial public offering after beginning a roadshow, as consumer-focused companies return to U.S. equity listings. The company and existing shareholders aim to raise as much as $1.09 billion, with reporting describing an offering of roughly 43.4–43.5 million Class A shares. Multiple outlets say investor demand during the process exceeds the number of shares available by more than 10 times. Pricing occurs after the roadshow, with Jersey Mike’s setting the IPO price at $23 per share, below the previously cited expected range of $21 to $25. That pricing values the company at about $7.3 billion, putting the IPO among the larger restaurant listings in recent years. After the debut, at least one outlet reports the stock falls about 2% in early trading, while other coverage highlights the proceeds and overall size of the transaction. The company is expected to trade on the New York Stock Exchange under the ticker “JMKE.” The IPO listing follows Jersey Mike’s growth in store count over several decades and a franchise model described as diversified across hundreds of franchise owners.