Jersey Mike’s quietly files for IPO in wake of $8B sandwich giant’s international growth
By Ariel Zilber
Published on April 20, 2026.
Jersey Mike's, the sandwich giant known for its submarine sandwiches, is preparing to float its shares on Wall Street. The move comes after private equity giant Blackstone bought a majority stake in the company, valuing it at around $8 billion. Former Wingstop CEO Charlie Morrison took over after the Blackstone acquisition, replacing Peter Cancro who was the company's founder-owner for 50 years. The company's strong financial performance followed suit, with overall sales increasing from $457 million to roughly $2 billion under Morrison's tenure.
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