Jersey Mike's stock falls 2% in public market debut after pricing shares at $23
Jersey Mike's started trading on the NYSE under the ticker JMKE. The shares were priced at $23 but opened at $21 and fell about 2% in early trading. The IPO sold 43.5 million shares, raising about $1 billion and valuing the company at $7.3 billion. Investor demand was reported at about 15 times the number of shares offered.
6.9Significance
2 sources6.5Source trust