Jersey Mike's Subs IPO Raises $1 Billion, Shares Fall on Debut

Jersey Mike's Subs, backed by Blackstone, priced its IPO at $23 per share, raising $1 billion. However, the company's shares fell 8.7% on their market debut.

30 Jul, 17:11 — 30 Jul, 17:11

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bloombergHigh1d ago

Blackstone-Backed Jersey Mike’s Falls 8.7% After $1 Billion IPO

Jersey Mike’s Subs Inc. shares slumped 8.7% in their trading debut Thursday, after the company and some of its shareholders raised $1 billion in a US initial public offering that priced at the midpoint of its marketed range.

By Janet Freund and Daniela Sirtori

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Coverage Timeline

First report: seeking-alpha · 30 Jul, 08:26|Full coverage: 2 · 9h|Window: 9h

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seeking-alpha30 Jul, 08:26First to report

Jersey Mike's Subs prices IPO at $23/share, raising $1B

9h later

bloomberg30 Jul, 17:11Latest update

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Jersey Mike's Subs IPO Raises $1 Billion, Shares Fall on Debut

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Blackstone-Backed Jersey Mike’s Falls 8.7% After $1 Billion IPO

Coverage Timeline

Jersey Mike's Subs prices IPO at $23/share, raising $1B

Blackstone-Backed Jersey Mike’s Falls 8.7% After $1 Billion IPO

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