American wing chain with aviation-themed restaurants.
Jersey Mike’s has priced its IPO at $23 a share, raising about $1 billion and valuing the company around $7.3 billion. The offering comprises 43.5 million shares and marks one of the largest restaurant IPOs in recent years, with Blackstone’s stake enabling a new employee equity program. The deal comes as U.S. stock markets show renewed appetite for consumer listings amid a broader IPO rebound.
McDonald’s has reported a quarter of solid global same-store growth, with US sales up around 3.8–3.9% while overall revenue hits about $6.5–$6.6 billion. Management says consumer spending is under pressure from inflation and higher gas prices, weighing on lower-income customers even as higher-income customers show resilient spending.
KFC is rolling out a global brand overhaul, including new sauces, a beverage platform, redesigned restaurants, and a refreshed logo and packaging. The move aims to modernize the brand while preserving its nostalgic appeal, as it faces stiffer competition from newer chicken concepts and rival chains.
A set of IPO filings shows a Toronto-based mineral explorer and a New Jersey sub shop chain planning public offerings. The miner aims for about C$190 million in gross proceeds with selling shareholders targeting roughly C$173 million; Jersey Mike’s plans to list on the NYSE with a potential market value near $8 billion. Reformation is also filing for an IPO, targeting roughly $1 billion.
Jersey Mike’s is preparing to list on the New York Stock Exchange after a Blackstone-led deal values the chain at about $8 billion. The S-1 shows plans for rapid expansion to roughly 7,500 U.S. stores and up to 15,000 globally, with Canada and the U.K. & Ireland targeted. The menu is positioned as protein-forward, aligning with demand for GLP-1 weight-loss drugs.