Sandwich chain Jersey Mike’s files for IPO as Blackstone eyes windfall
AI Summary
Jersey Mike's, a sandwich chain, has filed for an IPO with Blackstone targeting a valuation up to $12 billion. The move aims to capitalize on the growth of the brand known for cheesesteaks and cold-cut sandwiches.
Private equity group targets valuation of up to $12bn for purveyor of cheesesteaks and cold-cut heroes