5 things to know about Jersey Mike’s ahead of its IPO

Jersey Mike's Subs filed for an initial public offering on the Nasdaq under the ticker symbol MIKES. The sandwich chain reported 2023 revenue of 354 million dollars, an increase from 277 million dollars in 2022. Founder and CEO Peter Cancro owns approximately 80 percent of the company. The filing disclosed that the Cancro family received 16.7 million dollars in compensation during 2023. Jersey Mike's operates 2,100 locations across the United States as of the filing date.

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