Jersey Mike’s Backers Seek Up to $1.09 Billion in US IPO
Sandwich chain begins roadshow as consumer companies join US listing rebound.
Markus Winkler
Jersey Mike’s Subs Inc. and its shareholders are looking to raise as much as $1.09 billion in an initial public offering.
Maximum amount Jersey Mike's and its shareholders seek to raise in the IPO.
Backers Seek Up is involved in the IPO.
Jersey Mike's is a sandwich chain.
The company's IPO roadshow has begun.
Market Context and Valuation
Consumer-oriented companies are joining the US listing rebound.
Regarding the company's market value, sources differ on the specific figures. One report states that Jersey Mike's sets IPO terms that could push market cap toward $8 billion. Another source indicates the IPO could raise over $1 billion.
Associated Entities
Marex Financial is associated with Jersey Mike's.
Seeking Alpha is associated with Jersey Mike's IPO.
Jersey Mike's is launching UK Retail Offer.
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