Jersey Mike’s Subs Inc. shares slumped 6% in their first ever trading day, 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.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-30/blackstone-backed-jersey-mike-s-falls-8-7-after-1-billion-ipo)