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ICR Inc. handles Jersey Mike’s IPO as the sandwich shop chain goes public a mere 18 months after Blackstone took it private in a $6B deal.
The public offering went off on the New York Stock Exchange on July 30 and be valued in the $8B range. Shares opened at $23 and closed at $21.63 per share.
The Wall Street Journal noted that private equity firms typically hold investments for longer periods before hitting the public market.
Blackstone, though, believed Jersey Mike's was “close to camera” ready for an IPO when it purchased it.
The private equity company recruited new managers such as Wingstop chief Charlie Morrison for CEO, funded expansion, added new menu items and cut expenses.
Jersey Mike’s will be one of the biggest restaurant IPOs in years.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
Amsterdam’s CFF Communications handles Accell Group as Europe’s No 1 e-bike and No. 2 bicycle maker declares insolvency after failing to find a buyer.
Randy Sinclair, who rose to lead investor relations at Chevron during an 11-year run, will move to Northrop Grumman on Aug. 10 as VP-IR.
