J

Jersey Mike's Subs

JMKENewly listed · final prospectus verified

Jersey Mike's Subs Inc. · NYSE · Fast-casual restaurants · latest filing 2026/07/31

SEC
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Newly listed — review valuation, deal quality and post-IPO supply before acting

Jersey Mike's Subs Inc. began trading on 2026-07-30 at an IPO price of $23.00; the final prospectus and offer terms are linked to SEC EDGAR.

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Business and development direction

A franchisor and operator of submarine-sandwich restaurants in North America and selected overseas markets.

Current business

Fast-casual restaurants100%

Future development

Future direction not yet disclosedNot quantified

Jersey Mike's Subs Inc. 424B4 first page
PRIMARY SEC DOCUMENT

SEC source document

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Document
424B4
Filed
2026/07/31
Source
SEC EDGAR
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DECISION DRIVERS

Three risks and three checkpoints

PUBLIC RISK PREVIEW

Valuation and future tradable supply require continued review

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BOOKRUNNERS / LEAD UNDERWRITERSUnderwriting syndicate
CONFIRMED
  1. 1Morgan Stanley & Co. LLC15.40%6,694,493 shares
  2. 2Jefferies LLC15.40%6,694,493 shares
  3. 3J.P. Morgan Securities LLC15.40%6,694,493 shares
  4. 4Blackstone Securities Partners L.P.12.50%5,434,782 shares
  5. 5Barclays Capital Inc.7.36%3,200,000 shares
  6. 6Guggenheim Securities, LLC7.36%3,200,000 shares
  7. 7BofA Securities, Inc.4.00%1,740,000 shares
  8. 8Goldman Sachs & Co. LLC4.00%1,740,000 shares
  9. 9Evercore Group L.L.C.2.30%1,000,000 shares
  10. 10UBS Securities LLC2.30%1,000,000 shares
  11. 11Robert W. Baird & Co. Incorporated1.84%800,000 shares
  12. 12Wells Fargo Securities, LLC1.10%480,000 shares
  13. 13William Blair & Company, L.L.C.1.10%480,000 shares
  14. 14RBC Capital Markets, LLC0.92%400,000 shares
  15. 15Deutsche Bank Securities Inc.0.78%340,000 shares
  16. 16Piper Sandler & Co.0.78%340,000 shares
  17. 17Raymond James & Associates, Inc.0.78%340,000 shares
  18. 18Stifel, Nicolaus & Company, Incorporated0.78%340,000 shares
  19. 19TD Securities (USA) LLC0.78%340,000 shares
  20. 20Nomura Securities International, Inc.0.74%323,000 shares
  21. 21BTIG, LLC0.60%260,000 shares
  22. 22Mizuho Securities USA LLC0.60%260,000 shares
  23. 23SG Americas Securities, LLC0.60%260,000 shares
  24. 24Truist Securities, Inc.0.60%260,000 shares
  25. 25PJT Partners LP0.46%200,000 shares
  26. 26Rabo Securities USA, Inc.0.46%200,000 shares
  27. 27Loop Capital Markets LLC0.28%120,000 shares
  28. 28Tigress Financial Partners LLC0.28%120,000 shares
  29. 29Academy Securities, Inc.0.09%40,000 shares
  30. 30Drexel Hamilton, LLC0.09%40,000 shares
  31. 31Penserra Securities LLC0.09%40,000 shares
  32. 32Roberts & Ryan, Inc.0.09%40,000 shares
  33. 33Telsey Advisory Group LLC0.09%40,000 shares
  34. 34WR Securities, LLC0.04%17,000 shares
The complete final-prospectus syndicate and each disclosed purchase commitment are shown below.Allocation basis: Final base underwriting commitment: 43,478,261 shares. Percentages are calculated from the final prospectus table and rounded to two decimals. This is underwriting commitment, not fees or post-listing ownership.Source · 424B4 ↗
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IPO CAPITAL QUALITY

Where each offered share directs value

Issuer capital
Selling-holder liquidity
Operations / R&D
Debt / offer costs
▦Issuer capitalNewly listed · final prospectus verified
▥Selling holders
●●Use of proceeds
♟Offer costs
♛Capital quality
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CalculationSharesValueReference
Pre-offer basis
Basic post-offer
Fully diluted
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Economic ownershipWho receives the economic upside.Voting controlWho can approve major corporate actions.
CONTROLLING PARTY

424B4 · 2026/07/31

Voting
Economic
As of
2026/07/31
Show
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POTENTIAL SUPPLY PRESSURE

Next public checkpoint：First post-IPO filing and lock-up schedule

Initial float
Potential float
Multiple
Increase
Initial floatTime triggerExpected unlock
IPO close2026-07-30
+180
+360
+540
+720
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Revenue
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INVESTOR DUE DILIGENCE

Evidence completeness and operating runway

Final prospectus, offer price, listing date and headline financial evidence reconciled

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RISK 1

Valuation and future tradable supply require continued review

Potential impact
Monitor
First post-IPO filing and lock-up schedule
Evidence
424B4 · 2026/07/31
RISK 2

Potential impact
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Evidence
424B4 · 2026/07/31
RISK 3

Potential impact
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Evidence
424B4 · 2026/07/31
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PUBLIC CHANGE COUNT0material changes identified in the latest comparison
LATEST DOCUMENT424B42026/07/31
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Document424B4✓ Verified against the SEC source · SEC source document
Filed2026/07/311 public filings identified
Research updated2026/07/31SEC EDGAR
Evidence coverage84%Final prospectus, offer price, listing date and headline financial evidence reconciled

What remains missing16% of the evidence set remains unresolved. This may affect unconfirmed pricing, valuation, dilution or supply conclusions; no missing term is estimated.

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Jersey Mike's Subs Inc. 424B4 first page
424B4 first pageFirst page from SEC EDGAR