Jersey Mike’s Subs Inc. has submitted a registration statement on Form S-1 to the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock, the Tinton Falls, N.J.-based sandwich chain said in a press release.
The company disclosed plans to list its Class A shares on the New York Stock Exchange under the ticker symbol "JMKE." Jersey Mike’s said it has not yet determined how many shares will be included in the offering nor set a price range for those shares. The prospective offering is contingent on prevailing market conditions and on the registration statement becoming effective.
Jersey Mike’s identified Morgan Stanley, Jefferies, and J.P. Morgan as global coordinators and joint bookrunning managers for the proposed deal. Barclays and Guggenheim Securities were listed as co-global coordinators and joint bookrunning managers. A broader syndicate of joint bookrunning managers includes additional firms named by the company, among them BofA Securities, Goldman Sachs & Co. LLC, Evercore ISI, UBS Investment Bank, and Wells Fargo Securities.
In addition to the lead and bookrunning banks, Jersey Mike’s said Blackstone, Loop Capital Markets, and Tigress Financial Partners will serve as co-managers for the transaction.
The registration statement described in the press release has not yet become effective. Jersey Mike’s noted that no securities may be sold in the offering until the registration statement is declared effective by the SEC, and that the timing and terms of any sale will depend on the effectiveness of that filing and market conditions.
Context and next steps
With the filing in place, the company has formally begun the regulatory process required for a U.S. public offering. The names of lead coordinators and the broader banking syndicate are disclosed, but key commercial terms - including share count and pricing - remain to be determined and will follow the customary SEC review and market-driven steps.