Jersey Mike’s Subs has filed to go public, seeking to raise up to $1.09 billion in capital.
Jersey Mike’s Subs has filed to go public, seeking to raise as much as $1.09 billion in capital. The sandwich chain, which received backing from Blackstone in 2025, plans to use the funds to continue its steady expansion both domestically and internationally. Restaurant analyst John Gordon noted that Jersey Mike’s has succeeded by offering grilled sandwiches and maintaining a premium brand image by avoiding the frequent discounts that often cheapen a brand. Unlike its rival Subway, Jersey Mike’s also operates company-owned stores, allowing for better oversight of the dining experience. Kevin Schimpf, director of restaurant industry research at Technomic, stated that Jersey Mike’s growth has been bolstered by the decline of Subway, which has closed thousands of locations. While the S&P restaurant index has seen a slight decline this year, Jersey Mike’s has maintained consistent double-digit location expansion for over 15 years.