Jersey Mike's Files for IPO, Valuation at $12 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 hours ago
0mins
Should l Buy BX?
Jersey Mike's Subs, the sandwich chain with more than 3,000 locations, submitted a confidential filing with the U.S. Securities and Exchange Commission for its initial public offering, Bloomberg's Bailey Lipschultz reports. The Blackstone-backed company said in a statement that the number of shares to be offered and the price range for the proposed offering have not yet been determined. Jersey Mike's is seeking a valuation of at least $12B and the IPO is anticipated to raise more than $1B, sources said.
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Analyst Views on BX
Wall Street analysts forecast BX stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 129.080
Low
166.00
Averages
176.60
High
205.00
Current: 129.080
Low
166.00
Averages
176.60
High
205.00
About BX
Blackstone Inc. is an alternative asset manager. Its asset management includes global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries, and hedge funds. Its Real Estate segment comprises its management of opportunistic real estate funds, Core+ real estate funds, and real estate debt strategies. Its Private Equity segment includes its management of flagship Corporate Private Equity funds, sector and geographically focused Corporate Private Equity funds, core private equity funds, an investment platform, and others. Its Credit & Insurance segment consists of Blackstone Credit & Insurance, which is organized into three overarching strategies: private corporate credit, liquid corporate credit and infrastructure and asset-based credit. Its Multi-Asset Investing segment is organized into four investment platforms: Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.
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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- Acquisition Context: In November 2024, Blackstone acquired Jersey Mike's for an enterprise value of $8 billion, which included an earn-out provision that requires full payment after the company opens its 4,000th location, reflecting its ambitious expansion plans.
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See More
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- Financial Performance: Jersey Mike's reported revenue of $309.8 billion in 2025, reflecting a 10.6% increase year-over-year, although its net income fell to $183.6 million from $238.8 million the previous year, highlighting challenges between growth and profitability.
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See More
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- Boeing Earnings Outlook: Boeing is expected to release its earnings report on Wednesday, with market focus on order volumes in both its commercial and defense sectors, as well as free cash flow performance, especially after previous unexpected losses.
- GE Vernova Order Growth: GE Vernova will report alongside Boeing, with first-quarter new orders anticipated to reach $14.4 billion, reflecting a 65% year-over-year increase, indicating strong market performance amid rising electricity demand.
See More
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- Defensive Investment Strategy: Cramer advised adopting a defensive investment strategy ahead of earnings from American Express and Procter & Gamble, especially given expectations of weak performance, suggesting these stocks remain attractive defensive investment options.
See More
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See More
