India, April 20 -- Jersey Mike has quietly filed for an IPO, the company announced on Monday. This is a significant move towards going public, more than a year after Blackstone took a majority stake in a deal that valued the chain at around $8 billion.
After the acquisition, Jersey Mike's brought on Charlie Morrison, the former CEO of Wingstop, to take the reins. He previously led Wingstop through its IPO and a phase of quick growth.
With over 3,000 locations in the U.S., Jersey Mike's is the second-largest hoagie sandwich chain, just behind Subway. They reported a revenue of $309.8 million in 2025, which is a 10.6 percent increase from the previous year. However, their net income dropped to $183.6 million, down from $238.8 million the ye...