Jersey Mike's aims to be one of the ten most valuable restaurant companies with its IPO

Jersey Mike's is reportedly seeking to raise $1 billion in an IPO at a valuation of at least $12 billion. The company is in talks with underwriters on offering size after submitting a confidential filing. The news signals strong private-market demand and a sizable public-market debut for the restaurant chain.

Analysis

Jersey Mike's is reportedly seeking to raise $1 billion in an IPO at a valuation of at least $12 billion. The company is in talks with underwriters on offering size after submitting a confidential filing. The news signals strong private-market demand and a sizable public-market debut for the restaurant chain.