U.S. IPO Weekly Recap: Jersey Mike's And Reformation Underwhelm

U.S. IPO Weekly Recap: Jersey Mike's And Reformation Underwhelm

Four IPOs are currently scheduled for the week ahead, featuring three biotechs and a California bank. Read more here.

Jersey Mike's Went Public at a $7.3 Billion Valuation. It All Started With a 17-Year-Old and One Sub Shop.

The sandwich chain, started in Point Pleasant, New Jersey, had an IPO that was more than 10 times oversubscribed.

Forget a first-day stock drop. The bigger story is how Jersey Mike's reached historic IPO status.

Michael Nagle/Bloomberg via Getty ImagesJersey Mike's slid 6% in its stock market debut after one of the biggest restaurant IPOs ever.Beyond the first-day struggles is a high-growth company that's really turned on the accelerators in recent years.Sign up for First Trade, Business Insider's daily markets newsletter.Jersey Mike's made its public debut on Thursday, and the market responded by taking a bite out of its $7.3 billion initial valuation.…

Jersey Mike’s Raises $1 Billion in IPO

Sandwich Brand’s Stock Price Slips 6% on First Day of Trading Jersey Mike’s IPO pulls in $1 billion, although the stock lagged its target value of $23 per share. The franchise brand’s debut on the stock exchange is one of the year’s most high-profile IPOs, according to The Wall Street Journal. Jersey Mike’s has performed strongly for the past five-plus years, with impressive sales even in 2025, when inflation was a profit drag for most restaura…

Blackstone and Permira-backed IPOs deliver muted market debut

Private equity firms Blackstone and Permira received a subdued reception from public market investors on Thursday as portfolio companies Jersey Mike’s and Reformation made their stock market debuts, according to a report by the Financial Times. Shares in restaurant chain Jersey Mike’s fell around 6% on their first day of trading after pricing at $23 per share, while fashion retailer Reformation finished broadly unchanged after listing at $15.08,…

Jersey Mike’s stock falls 6% in public market debut after pricing shares at $23

Jersey Mike’s priced its initial public offering at $23 per share.