Jersey Mike’s Subs files for IPO, set for public market debut

Jersey Mike’s Subs has officially filed for an IPO to make its debut on the public market. The sandwich chain, known for its cheesesteaks and cold-cut heroes, is being positioned by private equity group Blackstone for a potential windfall. Blackstone is currently targeting a valuation of up to $12bn for the company as it prepares for the transition to a publicly traded entity, marking a significant financial milestone for the brand.