Jersey Mike's Subs Inc.

Jersey Mike's Subs Inc. (JMKE) priced its initial public offering on Jul 31, 2026 at $23.00 per share, within its $21.00–$25.00 range, raising $1B, and listed on NYSE. At the IPO price its market capitalization was about $7.31B. Morgan Stanley was lead-left underwriter, joined by Jefferies, J.P. Morgan and Barclays and others. Simpson Thacher advised the company and Davis Polk advised the underwriters.

Jersey Mike's Subs Inc. is the holding company for Jersey Mike's Holdings, a franchised restaurant brand. Franchise owners run its stores, and its growth strategy depends on their participation and adherence to brand standards.

Status

IPO

Ticker

JMKE

Exchange

NYSE

Priced

Jul 31, 2026

IPO price

$23.00

Price range

$21.00–$25.00

Raised

$1B

Market cap at IPO price

$7.31B

First filed

Jul 2, 2026

Underwriters

Morgan Stanley, Jefferies, J.P. Morgan, Barclays, Guggenheim, BofA Securities, Goldman Sachs, Evercore ISI, UBS, Baird, Wells Fargo and William Blair

Company counsel

Simpson Thacher

Underwriters' counsel

Davis Polk

Sector

Consumer

Country / state

NJ

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.