Wings
Jersey Mike's is going public. Here are 4 takeaways from its IPO filing, from a $41 million jet to big expansion plans
xCruzo Brief
Jersey Mike’s says it will begin trading on the New York Stock Exchange on Thursday under the ticker “JMKE,” as the sandwich chain prepares to go public. In its IPO filing, the company expects to price shares between $21 and $25. Among the disclosed details is a $41 million jet purchase by founder Peter Cancro. The prospectus also lays out a major growth push: roughly 3,300 largely franchise-operated locations in the U.S. today, with plans to potentially reach 7,500 stores, and up to 15,000 with international expansion. Jersey Mike’s targets Canada, plus the UK and Ireland, and highlights a protein-forward menu.
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