Actor Danny DeVito, from left, Charlie Morrison, chief executive officer of Jersey Mike’s Subs Inc., Eli Manning, former National Football League (NFL) quarterback and founding partner of Brand Velocity Partners, and Peter Cancro, founder and chairman of Jersey Mike’s Subs Inc., during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Thursday, July 30, 2026.
Michael Nagle | Bloomberg | Getty Images
Shares of Jersey Mike’s fell about 2% during trading on Thursday afternoon after the company made its public market debut on the New York Stock Exchange under the ticker “JMKE.”
The stock opened at $21 per share, below its initial public offering pricing of $23 per share, at the midpoint of the expected range of $21 to $25 per share.
Jersey Mike’s sold 43.5 million shares, raising about $1 billion and valuing the company at $7.3 billion. With those proceeds, the chain is now among the…
