Jersey Mike's IPO Targets $7‑9B Valuation, Ups the Stakes for Franchise Chains
Jersey Mike's plans to price 43.5 million shares at $21‑$25, raising roughly $1 billion and valuing the sandwich chain at $7.3‑$7.9 billion—about eight times Sweetgreen’s market cap. The IPO tests investor fervor for fast‑growing, asset‑light franchise models and could set a new benchmark for restaurant listings.