Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Blackstone-Backed Jersey Mike’s Falls 8.7% After $1 Billion IPO
Business & Finance

Blackstone-Backed Jersey Mike’s Falls 8.7% After $1 Billion IPO

Bloomberg Markets Thursday 30 July 2026, 17:11 UTC By Janet Freund and Daniela Sirtori 1 min read
Key Points

Blackstone-Backed Jersey Mike’s Falls 8.7% After $1 Billion IPO Jersey Mike’s Subs Inc. shares slumped 8.7% in their trading debut Thursday, after the company and some of its shareholders raised $1 billion in a US initial public offering that priced at the midpoint of its marketed range. The stock opened at $21 each, below its IPO price of $23 per share. The trading gives the Tinton Falls, New Jersey-based sandwich chain a market value of $6.7 billion, based on the outstanding shares.

Blackstone-Backed Jersey Mike’s Falls 8.7% After $1 Billion IPO Jersey Mike’s Subs Inc. shares slumped 8.7% in their trading debut Thursday, after the company and some of its shareholders raised $1 billion in a US initial public offering that priced at the midpoint of its marketed range. The stock opened at $21 each, below its IPO price of $23 per share. The trading gives the Tinton Falls, New Jersey-based sandwich chain a market value of $6.7 billion, based on the outstanding shares.
Blackstone-Backed Jersey (ORG) Mike (PERSON) IPO Blackstone-Backed (ORG) Mike’s Subs Inc. (ORG) US (LOCATION) IPO (ORG) the Tinton Falls (ORG) New Jersey (LOCATION)
Originally published by Bloomberg Markets Read original →

Related Stories

Saudi forces planning ‘major offensive against Houthis in central Yemen’

Yemeni sources say Saudi Arabia is preparing sea and possible land attack to break chokehold on oil exports through Red SeaSaudi Arabia is preparing for a major military offensive against the Houthis by sea and possibly by land in central Yemen, Yemeni sources believe, in a move to break the chokehold on its oil exports through the southern Red Sea. Saudi forces have been seen withdrawing from the east of Yemen in what could be preparation for a land offensive. At the same time, Riyadh is...

The Guardian UK 28m ago

Saudi forces planning ‘major offensive against Houthis in central Yemen’

Yemeni sources say Saudi Arabia is preparing sea and possible land attack to break chokehold on oil exports through Red SeaSaudi Arabia is preparing for a major military offensive against the Houthis by sea and possibly by land in central Yemen, Yemeni sources believe, in a move to break the chokehold on its oil exports through the southern Red Sea. Saudi forces have been seen withdrawing from the east of Yemen in what could be preparation for a land offensive. At the same time, Riyadh is...

The Guardian World 28m ago

Qualcomm CEO Says the Smartphone Market Will Stay ‘Suppressed’

Qualcomm CEO Says the Smartphone Market Will Stay ‘Suppressed’ Qualcomm Inc. Chief Executive Officer Cristiano Amon said demand for smartphones remains strong, but the growing costs of making the devices are keeping the market down. Higher memory expenses and supply constraints have taken a toll on the phone sector, he said in an interview on Bloomberg Television.

Bloomberg Technology 29m ago

Mortgage Rates In US Rise to 6.66%, Highest Level In A Year

Jul 30th, 2026 Mortgage Rates In US Rise to 6.66%, Highest Level In A Year Bloomberg's Michael McKee joins Scarlet Fu on "Bloomberg Real Yield" to discuss the Fed decision, the surge in long-end US Treasury yields and its effect on rates for consumers. US mortgage rates rose to a 12-month high due to climbing yields.

Bloomberg Markets 30m ago