Jersey Mike's stock opens at $21 per share, valuing the sandwich chain just shy of $1 billion

Jersey Mike's has officially opened its stock at a price of $21 per share. According to the reports, this opening price has resulted in the sandwich chain raising nearly $1 billion. Furthermore, the financial data indicates that the company is now valued at just shy of $1 billion, while other reports suggest the total valuation of the company has actually exceeded $7 billion following this specific stock market entry.