JMKE news sentiment

Jersey Mike’s (NYSE:JMKE) wraps up initial week close to IPO price, trading activity eases

Jersey Mike's (JMKE) Draws 'Buy' Rating From Analysts Following IPO Debut - Pretax Income Report

Fast-casual sandwich chain Jersey Mike's (JMKE) entered the public markets this week, raising $1 billion in its initial public offering (IPO). The company priced 43.4 million of its common shares at $23 each and plans to use the proceeds primarily to repay debt and fund ongoing expansion across North America. More News from Barchart Employees Reveal That Blue Origin Stock Is Worthless Just Weeks After SpaceX IPO Turned Employees Into Millionaires China Just Gave Sandisk Stock Investors a New Reason to Worry Don't Ignore Sandisk: This Upcoming Catalyst Could Send SNDK Stock Higher Get exclusive

Jersey Mike’s Went Public at a $7.3 Billion Valuation. It All Started With a 17-Year-Old and One Sub Shop.

Entrepreneur Media LLC and Yahoo Finance LLC may earn commission or revenue on some products and services through the links below. In 1975, a 17-year-old named Peter Cancro bought his first sub shop in Point Pleasant, New Jersey. On Wednesday, that shop's parent company went public at a $7.3 billion valuation. Jersey Mike's and its backers raised $1 billion in an IPO priced at $23 a share, more than 10 times oversubscribed, Bloomberg reports. The chain now has more than 3,300 US and Canadian locations, plus an expansion deal with Cancro to open roughly 300 more across the UK and Ireland. Reven

Jersey Mike's Subs: Not Having A Bite (NYSE:JMKE)

Jersey Mike's shares slip in debut after $1 billion IPO

Kevin Carter/Getty Images The market reacted cautiously today to the $1 billion IPO of Jersey Mike's, which Blackstone listed after only around 18 months of ownership. The sandwich chain's stock, trading on the New York Stock Exchange under the ticker JMKE, opened 8.7% below its $23 offer price and closed at $21.63, down nearly 6%. The $23 offer price values the Manasquan, NJ, company at about $7.3 billion. The IPO priced yesterday at the midpoint of the range sought by bankers from Morgan Stanley, Jefferies Financial Group, and JPMorgan Chase & Co. The transaction compressed a familiar privat

Jersey Mike's IPO: JMKE stock opens below $23 price on NYSE

Jersey Mike's Subs priced its initial public offering at $23 per share and began trading on the New York Stock Exchange on Thursday under the ticker symbol "JMKE," raising approximately $1 billion and valuing the company at $7.3 billion. Jersey Mike's stock opened at $21 per share, beneath its $23 IPO price, and was trading down roughly 2% by Thursday afternoon. The $23 price came in at the midpoint of the company's marketed range of $21 to $25 per share. The offering comprised 43,478,261 shares of Class A common stock, with existing stockholders granted underwriters a 30-day option to purchas

Everything You Need To Know About Jersey Mike's IPO (Pending:JMKE)

Jersey Mike’s $1 bln IPO (NYSE:JMKE) delivers 68% to selling holders, focuses on debt hurdle (Reuters)

Jersey Mike’s Goes Public at $23, but Blackstone Keeps Control of Your Vote

Jersey Mike’s Sets IPO Price Band, Prioritises Seller Payout Over Debt Reduction