EXCLUSIVE-Jersey Mike’s Subs holds 'bake-off' to hire banks for possible IPO, sources say
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Jersey Mike’s Subs is preparing for a potential IPO by holding a bake-off for banks to secure underwriting roles. The sandwich chain, acquired by Blackstone for approximately $8 billion, aims to go public this year. Jersey Mike’s plans to expand with 400 new locations in the UK and Ireland, and currently operates over 3,200 stores in North America. The U.S. IPO market is gaining momentum, particularly for consumer and retail sectors.
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