Jersey Mike’s stock is priced in highly anticipated IPO: Will retail traders have an appetite for it?

Forget AI and rockets. The latest high-profile IPO is more about mustard and mayo. Shares of sandwich chain Jersey Mike’s Subs Inc. are expected to start trading on the New York Stock Exchange (NYSE) on Thursday, July 30, under the ticker symbol “JMKE.” The stock was priced late Wednesday at $23 a share, the midpoint of its marketed range. It’s the largest initial public offering by a restaurant chain in some time—perhaps the most-hyped since CAVA Group in 2023, or coffee chain Dutch Bros. in…