Blackstone-owned sandwich chain Jersey Mike’s has filed for an initial public offering, as the private equity firm looks to capitalise on stronger public markets and return cash to investors, according to a report by the FT.
The firm is targeting a valuation of about $10bn to $12bn for the US restaurant chain, after acquiring a majority stake in the business at an $8bn valuation in 2024. The listing could deliver a rapid gain for Blackstone and co-investors including the Abu Dhabi Investment Aut...
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