Jersey Mike's files for IPO

April 20, 2026

An article summarized by CNBC:

Jersey Mike’s has confidentially filed for an initial public offering (IPO), signaling plans to go public after being acquired by Blackstone in a deal that valued the sandwich chain at around $8 billion. The company recently brought in former Wingstop CEO Charlie Morrison to lead the business, a move seen as positioning the brand for growth and a successful public debut.

With more than 3,000 locations across the U.S., Jersey Mike’s is the second-largest hoagie chain behind Subway. Financially, the company reported $309.8 million in revenue in 2025, up over 10% year-over-year, though net income declined to $183.6 million from $238.8 million the previous year, suggesting rising costs or investment in expansion.

The IPO filing comes during a slow period for public listings, as market volatility and weak recent IPO performance have created a backlog of companies waiting to go public. However, expectations for major offerings, including a potential IPO from SpaceX, could signal a rebound in the market, which Jersey Mike’s may be aiming to capitalize on.