Jersey Mike’s Subs, a Blackstone-owned sandwich shop, announced on July 2 that it has filed for an initial public offering (IPO) with the Securities and Exchange Commission to list its stock on the New York Stock Exchange.
The New Jersey chain, which plans to go by the trading symbol “JMKE,” did not disclose additional details, such as the number of shares or offering price.
Earlier this year, Bloomberg, citing anonymous sources, reported that Jersey Mike’s could seek to raise more than $1 billion at a valuation of at least $12 billion.
Morgan Stanley, Jefferies, and J.P. Morgan will be bookrunning managers for the offering….