Wall Street finally got a taste of Blackstone-backed Jersey Mike’s, yet the first bite looked hesitant. What’s next for JMKE?
News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Jersey Mike's sandwich chain made it from the Jersey Shore to the financial capital of the world.
The sandwich chain is going public on Thursday. It will test the appetite of investors after blockbuster debuts like Elon Musk’s SpaceX.
The fast-casual sandwich chain is set to start trading on the New York Stock Exchange after pricing its shares at $23.
Jersey Mike's Subs (JMKE) priced its IPO of 43.5 million shares of Class A common at $23 a share, fo
The sandwich chain is going public on Thursday. It will test the appetite of investors after blockbuster debuts like Elon Musk’s SpaceX.
The sandwich chain is set to go public at an $8 billion valuation after the private-equity firm reduced expenses.
(Bloomberg) -- Jersey Mike’s Subs Inc.’s initial public offering has attracted investor demand for more than 10 times the available shares ahead of pricing on Wednesday, according to people familiar with the matter.Most Read from BloombergDeepSeek Suspends Fundraising After Viral US-China PostsChina Chipmaker CXMT Jumps 466% in Debut After Blockbuster IPONvidia’s $750 Billion in Deals Reignite Circular AI FearsUS, Iran Extend Pause in Strikes as Oman Holds Hormuz TalksSpaceX at $100 Would Imply
Two-thirds of Jersey Mike’s offered shares will be from existing shareholders, meaning the injection of new capital will be relatively small.
Jersey Mike’s Subs unveiled terms of a planned initial public offering that could give the sandwich chain, backed by private-equity giant Blackstone, an initial market capitalization approaching $8 billion.
(Bloomberg) -- SpaceX’s fall from its post-listing peak to below its IPO price in just a month poured cold water on the market for newly public companies, dragging a key gauge of this year’s debuts down with it.Most Read from BloombergThailand Scraps Plan to End Visa-Free Entry for Indian TouristsBeckham’s IM8 Gets $1 Billion From General Catalyst for GrowthCIA Says AI Drones Give Russian Troops Only 30 Minutes to LiveOpenAI’s First Device Will Be Movable, Screenless Speaker Built as AI Companio
Csquare, a data center operator backed by Brookfield, is going public as investors are growing skeptical about AI and IPOs.
Jersey Mike’s Subs has reportedly filed to debut on the NYSE under the ticker JMKE. Here’s what the company’s S-1 filing told us.
(Bloomberg) -- Csquare Inc., a data center company backed by Brookfield Corp., is seeking to raise as much as $1.35 billion in a US initial public offering.Most Read from BloombergGreece Offers Bounty to Catch Ravenous Fish Lured by Warming SeaOil, Gas Tankers Cross Hormuz Via Oman-Side Route After U-TurnsThe Tanker Tycoon Making Millions on Hormuz Shuttle RunsModi’s Flagship Biofuel Push Faces Backlash From MotoristsOil’s Supply Wave, Tumbling Prices Rekindle Fears of Global GlutThe company is
It operates about 3,300 restaurants across the US and Canada, with annual systemwide sales of $4.3bn .
Jersey Mike’s has a large, mostly franchised system, more than 3,300 locations, and $4.2 billion in 2025 systemwide sales.
Investing.com -- Jersey Mike’s Subs Inc., the sandwich chain backed by Blackstone Inc (NYSE:BX), filed for an initial public offering that would join a rebound in US listing activity. The company intends to list its Class A common stock on the New York Stock Exchange under the ticker symbol "JMKE." The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed. Morgan Stanley, Jefferies, and J.P. Morgan are actin
AirTrunk, founded by Australian billionaire Robin Khuda, is aiming to line up cornerstone investors ahead of the planned launch of its real-estate investment trust IPO in August.
Blackstone-backed Liftoff Mobile said on Wednesday it has raised $437 million in its U.S. initial public offering, as a busy summer for listings gathers pace and encourages more companies to test investor appetite. The Redwood City, California-based company sold 19 million shares and priced its offering at $23 per share, above targeted range of $20 to $22 apiece. The IPO valued it at $3.83 billion, according to outstanding shares disclosed in its IPO prospectus.
A logjam of unsold assets has buyout firms eager to list, but mixed debuts and erratic markets keep windows for new issues narrow.
(Bloomberg) -- Quantum Systems and Destinus are in talks to line up advisers for potential IPOs as soon as early 2027, people familiar with the matter said, as the drone makers seek to tap surging demand for unmanned defense assets.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermIran’s Khamenei Says No Going Back for Middle East Rocked by WarEx-President Biden Sues to Stop DOJ Sharing Interview TapesTwo More Oil Supertankers Exit Hormuz to Help Push Up Flows‘KPop D
(Bloomberg) -- The new artificial intelligence enterprise services firm backed by Blackstone Inc., Anthropic PBC and Hellman & Friedman has picked a San Francisco firm called Fractional AI as the operational centerpiece of the as-yet unnamed venture. Most Read from BloombergSpot the Difference: Putin Gets Trump Treatment From Xi in ChinaModi’s Toffee Gift to Meloni Ignites Rally in Wrong Indian StockIran Threatens to Retaliate Beyond Middle East If US AttacksNvidia Tells Skeptical Investors AI I
Consumer and renewable energy advocates say the stock transaction gave Blackstone an early stake in TXNM Energy before regulators could negotiate acquisition-related conditions or customer protections. The companies deny wrongdoing.
(Bloomberg) -- For years, there was only one way for mom-and-pop investors to buy into Elon Musk’s vision: shares of Tesla Inc. That’s about to change — and it’s a serious risk for Tesla investors. Most Read from BloombergStocks Fall, Oil Rises as Hormuz Deal Hopes Fade: Markets WrapBillionaire Rinehart Bets $100 Million on US Defense StocksIranian Media Said US Offered Interim Waiver on Oil SanctionsUS and Iran Far From Deal as Bond Rout Piles Pressure on TrumpWinners and Losers From Trump and
Shares of Blackstone's newly minted investment vehicle opened flat in their market debut on Thursday, after the company raised $1.75 billion in its U.S. initial public offering with plans to buy data center assets. New York-based Blackstone Digital Infrastructure Trust's stock opened at $20 per share, the same price at which it had sold 87.5 million shares in its IPO. Artificial intelligence-linked companies have taken center stage in the U.S. IPO market this week with three billion-dollar offerings, including chipmaker Cerebras and Fervo Energy.
BXDC starts trading on May 14.
The deal values Skroutz, which serves about 2.5 million active users, at €635 million including debt