Jersey Mike's Confidentially Files for IPO

Jersey Mike's has confidentially filed for an initial public offering, marking the first step toward becoming a publicly traded company. The filing follows Blackstone’s 2024 purchase of a majority stake in the sandwich chain, which was reported to value the company at roughly $8 billion.

Jersey Mike's operates more than 3,000 locations nationwide and is the second-largest hoagie sandwich chain in the U.S., trailing only Subway. In 2025, the company reported revenue of $309.8 million and net income of $183.6 million, down from $238.8 million the prior year. After the Blackstone deal closed, Jersey Mike's appointed former Wingstop CEO Charlie Morrison as its leader.