Jersey Mike's Subs' IPO
Listed Jul 30, 2026 at $23 on NYSE as JMKE.
Today 26% below its $23 offer price; its first day closed -6.0%.
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What does Jersey Mike's Subs do?
“Jersey Mike's is a high-growth franchisor of fast casual, submarine-style sandwich restaurants specializing in authentic, hand-crafted, craveable subs.”
| Fact | Jersey Mike's Subs |
|---|---|
| Incorporated | Delaware, 2026 |
| Headquarters | Tinton Falls, New Jersey |
| Website | jerseymikes.com |
What is the offering?
Each figure names the filing it is from and that filing's date. The market cap is Breakaway's arithmetic from the prospectus's share count.
| Fact | Jersey Mike's Subs |
|---|---|
| Shares offered | 43,478,261 (13,782,609 by the company, 29,695,652 by selling holders) |
| Offer price | $23 a share |
| Raised at that price | $1.00 billion |
| Underwriters' discount | $50 million |
| Underwriters' option | 6,521,739 more shares |
| Underwriters | Morgan Stanley, Jefferies, J.P. Morgan, Barclays, Guggenheim Securities, and BofA Securities, and 27 more |
| Exchange | New York Stock Exchange, as JMKE |
| Shares outstanding after | 317,638,900 |
| Market cap at the offer price | $7.31 billion |
Every date of Jersey Mike's Subs' IPO
| What | Day |
|---|---|
| Registration filed | Jul 2, 2026 |
| Declared effective by the SEC | Jul 29, 2026 |
| Priced | Jul 29, 2026 |
| Exchange registration filed | Jul 30, 2026 |
| First trade | Jul 30, 2026 |
| Lock-up ends | Jan 25, 2027 |
How did its first days trade?
From its daily bars, each close against its $23 offer price.
| Day | Open | Close | From the offer |
|---|---|---|---|
| Jul 30 | $21 | $21.63 | -6.0% |
| Jul 31 | $21.98 | $23 | 0.0% |
| Aug 3 | $23.25 | $24.47 | +6.4% |
| Aug 4 | $24.73 | $23.29 | +1.3% |
| Aug 5 | $23.29 | $23.14 | +0.6% |
What is Jersey Mike's Subs' Quality Score?
Below Average
JMKE's page, with every reason behind its scoreThe other IPOs expected
| Company | Price |
|---|---|
| $19 to $21 | |
| $15 to $17 | |
| $15 to $17 | |
| $7 | |
| $5 to $7 |
Jersey Mike's Subs IPO questions
When is Jersey Mike's Subs' IPO?
Listed Jul 30, 2026 at $23 on NYSE as JMKE.
What is Jersey Mike's Subs' IPO price?
Jersey Mike's Subs' IPO priced at $23 a share, per its final prospectus of Jul 31, 2026.
How many shares is Jersey Mike's Subs selling?
43,478,261 shares, and the underwriters may buy 6,521,739 more, per its final prospectus (424B4).
Who are the underwriters?
Morgan Stanley, Jefferies, J.P. Morgan, Barclays, Guggenheim Securities, BofA Securities, Goldman Sachs, Evercore ISI, UBS, Baird, Wells Fargo, William Blair, RBC Capital Markets, Deutsche Bank, Wolfe | Nomura Alliance, Piper Sandler, Raymond James, Stifel, TD Securities, BTIG, Mizuho, Societe Generale, Truist Securities, Blackstone Capital Markets, PJT Partners, Rabo Securities, Loop Capital Markets, Tigress Financial Partners, Academy Securities, Drexel Hamilton, Penserra, Roberts & Ryan, and Telsey Advisory Group, as the prospectus's cover names them.
When does the lock-up end?
Jersey Mike's Subs' IPO lock-up ends Jan 25, 2027. Its final prospectus says: “.”
Does Breakaway rate Jersey Mike's Subs?
Jersey Mike's Subs has a Quality Score of 0 today. The score counts the 14 chart checks and the company's filings; a check that needs more history than a new stock has waits for it.
Can Breakaway say where Jersey Mike's Subs' price will go?
No. Breakaway does not say where a price will go. Every figure here is from the company's SEC filings, linked on each line.
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