Jersey Mike's Announces Launch of Initial Public Offering

Rhea-AI Summary

Jersey Mike's (NYSE: JMKE) has launched a roadshow for a proposed IPO of 43,478,261 shares of its Class A common stock, to be sold by the company and certain existing stockholders, at an expected price range of $21.00 to $25.00 per share.

The selling stockholders plan to grant underwriters a 30-day option for up to 6,521,739 additional shares to cover over-allotments. Jersey Mike's expects to list on the New York Stock Exchange under ticker JMKE, with Morgan Stanley, Jefferies, J.P. Morgan and others acting as bookrunners and co-managers.

Positive

• 43,478,261 shares of Class A common stock offered in IPO
• Expected IPO price range of $21.00–$25.00 per share
• Planned listing on the New York Stock Exchange under ticker JMKE
• Underwriters granted 30-day option for up to 6,521,739 additional shares

Negative

• Offering includes a large number of shares from Selling Stockholders, indicating existing holders are selling part of their stakes

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TINTON FALLS, N.J., July 20, 2026 /PRNewswire/ -- Jersey Mike's Subs Inc. ("Jersey Mike's" or the "Company") announced today that it has commenced a roadshow for its proposed initial public offering ("IPO") of 43,478,261 shares of its Class A common stock to be sold by Jersey Mike's and certain of its existing stockholders (the "Selling Stockholders").

The IPO price is currently expected to be between $21.00 and $25.00 per share. In addition, the Selling Stockholders are expected to grant the underwriters a 30-day option to purchase up to an additional 6,521,739 shares of the Company's Class A common stock to cover over-allotments at the IPO price, less underwriting discounts and commissions. Jersey Mike's expects to list its Class A common stock on the New York Stock Exchange under the ticker symbol "JMKE."

Morgan Stanley, Jefferies, and J.P. Morgan are acting as global coordinators and joint bookrunning managers for the proposed offering. Barclays and Guggenheim Securities are acting as co-global coordinators and joint bookrunning managers. BofA Securities, Goldman Sachs & Co. LLC, Evercore ISI, UBS Investment Bank, Baird, Wells Fargo Securities, William Blair, RBC Capital Markets, Deutsche Bank Securities, Wolfe | Nomura Alliance, Piper Sandler, Raymond James, Stifel, TD Securities, BTIG, Mizuho, Societe Generale, and Truist Securities are acting as joint bookrunning managers for the proposed offering. Blackstone, PJT Partners, Rabo Securities, Loop Capital Markets, Tigress Financial Partners, Academy Securities, Drexel Hamilton, Penserra Securities LLC, Roberts & Ryan, and Telsey Advisory Group are acting as co-managers.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offering may be obtained, when available, from:

• Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department
• Jefferies LLC, 520 Madison Avenue, New York, New York 10022, Attention: Equity Syndicate Prospectus Department, by telephone at 1-877-821-7388 or by e-mail at Prospectus_Department@Jefferies.com
• J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email: prospectus-eq_fi@jpmchase.com

A registration statement on Form S-1, including the prospectus, which is preliminary and subject to completion, relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Jersey Mike's

Jersey Mike's Subs is a leading fast-casual restaurant franchisor with more than 3,300 locations across the United States and Canada. Founded in 1956 as Mike's Subs in Point Pleasant, New Jersey, the company has grown from a single neighborhood sub shop into one of the fastest-growing restaurant brands in America. Jersey Mike's differentiates itself through its "A Sub Above" positioning, emphasizing fresh-sliced meats and cheeses, authentic recipes, and a distinctive customer experience that has earned recognition as the #1 Best Sandwich Chain in America in 2025.

Contacts
Media Contact
ICR for Jersey Mike's
JerseyMikes@icrinc.com

Investor Contact
Corey Horsch
SVP of Finance and Investor Relations
investorrelations@jerseymikes.com

View original content:https://www.prnewswire.com/news-releases/jersey-mikes-announces-launch-of-initial-public-offering-302829521.html

SOURCE Jersey Mike's Subs

FAQ

What are the key terms of the Jersey Mike's (JMKE) IPO announced on July 20, 2026?

Jersey Mike's plans an IPO of 43,478,261 Class A shares at an expected price range of $21–$25. According to Jersey Mike's, shares will be sold by the company and certain existing stockholders, with a standard over-allotment option for underwriters.

What is the expected price range for the Jersey Mike's (JMKE) IPO?

The expected Jersey Mike's IPO price range is $21.00 to $25.00 per share. According to Jersey Mike's, this range applies to the Class A common stock in the proposed New York Stock Exchange listing under the ticker symbol JMKE.

How many shares are being offered in the Jersey Mike's (JMKE) IPO and over-allotment?

Jersey Mike's plans to offer 43,478,261 Class A shares in its IPO. According to Jersey Mike's, selling stockholders also expect to grant underwriters a 30-day option to buy up to 6,521,739 additional shares to cover over-allotments.

On which exchange will Jersey Mike's (JMKE) stock list after the IPO?

Jersey Mike's expects to list its Class A common stock on the New York Stock Exchange under ticker JMKE. According to Jersey Mike's, the listing will follow effectiveness of its Form S-1 registration statement with the U.S. Securities and Exchange Commission.

Who are the lead underwriters for the Jersey Mike's (JMKE) IPO?

Morgan Stanley, Jefferies, and J.P. Morgan are global coordinators and joint bookrunning managers for the IPO. According to Jersey Mike's, additional banks including Barclays and Guggenheim Securities act as co-global coordinators, with many others serving as joint bookrunners and co-managers.

Can investors buy Jersey Mike's (JMKE) IPO shares now?

Investors cannot yet buy Jersey Mike's IPO shares because the registration statement is not effective. According to Jersey Mike's, the securities may not be sold, and offers may not be accepted, until the Form S-1 becomes effective with the SEC.