IPO Newsroom(@IPONewsroom_):JERSEY MIKE'S IPO IS OVER 10X OVERSUBSCRIBED. The sandwich chain's IPO has attracted investor demand for more than 10 times the available shares ahead of Wednesday's pricing, The offering consists of about 43.5 million shares priced at $21 to $25 each, targeting up to $1.09 billion raised. Of those shares, roughly 29.7 million, more than two-thirds of the deal, are being sold by existing backers including Blackstone $BX and the Abu Dhabi Investment Authority, not the company itself. At the top of the range, Jersey Mike's would be valued at nearly $8 billion

2026.07.27 15:29

JERSEY MIKE'S IPO IS OVER 10X OVERSUBSCRIBED. The sandwich chain's IPO has attracted investor demand for more than 10 times the available shares ahead of Wednesday's pricing, The offering consists of about 43.5 million shares priced at $21 to $25 each, targeting up to $1.09 billion raised. Of those shares, roughly 29.7 million, more than two-thirds of the deal, are being sold by existing backers including Blackstone $BX and the Abu Dhabi Investment Authority, not the company itself. At the top of the range, Jersey Mike's would be valued at nearly $8 billion - Bloomberg