Jersey Mike's Subs Files for IPO, Targets NYSE Listing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: Yahoo Finance
- IPO Filing: Jersey Mike's Subs has filed for an initial public offering, aiming to list on the New York Stock Exchange amid a rebound in the U.S. IPO market, targeting a valuation of at least $12 billion and expecting to raise over $1 billion through the IPO.
- Expansion Potential: The company sees significant expansion potential in the U.S., estimating the ability to grow to approximately 7,500 domestic locations, currently operating over 3,300 locations across the U.S. and internationally, with a development pipeline of more than 1,600 new stores, over 90% led by existing franchisees.
- International Partnership: Jersey Mike's has partnered with founder and former CEO Peter Cancro to develop 300 new stores in the UK and Ireland, as part of a long-term goal to reach approximately 15,000 locations globally.
- Financial Performance: As of fiscal 2025, the company reported a systemwide average unit volume of approximately $1.4 million, with franchisees achieving an average sales-to-investment ratio of 2.6 times and cash-on-cash returns of about 42%, demonstrating the strength of its asset-light operating model.
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Analyst Views on MS
Wall Street analysts forecast MS stock price to fall
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 222.100
Low
132.00
Averages
185.00
High
219.00
Current: 222.100
Low
132.00
Averages
185.00
High
219.00
About MS
Morgan Stanley is a global financial services company. The Company is engaged in providing a range of investment banking, securities, wealth management and investment management services. Its segments include Institutional Securities, Wealth Management and Investment Management. Its Institutional Securities segment provides a variety of products and services to corporations, governments, financial institutions and ultra-high net worth clients. Its Wealth Management segment provides an array of financial services and solutions to individual investors and small to medium-sized businesses and institutions. Its Investment Management segment provides a range of investment strategies and products that span geographies, asset classes, and public and private markets to a diverse group of clients across institutional and intermediary channels. Its investment banking services consist of capital raising and financial advisory services, including the underwriting of debt and other products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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