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Jersey Mike’s Announces Closing of Initial Public Offering

Jersey Mike’s Subs Inc. (“Jersey Mike’s” or the “Company”) today announced the closing of its initial public offering of 43,478,261 shares of its Class A common stock at the initial public offering price of $23.00 per share.Jersey Mike’s intends to use the proceeds (net of underwriting discounts an…

BusinessWire en_IN
StocksUS

Jersey Mike's Stock Stumbles After $1 Billion IPO

Jersey Mike's Subs NYSE:JMKE stumbled in its New York Stock Exchange debut Thursday, opening at $21, 8.7% below its $23 IPO price. The weak reception suggests investors are unwilling to pay a premium for the sandwich chain's rapid expansion without clearer evidence that growth can support its eleva…

GuruFocus en_IN
StocksUS