--- title: "Jersey Mike's Confidentially Files For IPO After Blackstone Deal" type: "News" locale: "en" url: "https://longbridge.com/en/news/283407585.md" description: "Jersey Mike's has confidentially filed for an IPO, marking a significant step towards going public after Blackstone acquired a majority stake, valuing the chain at approximately $8 billion. The company, led by former Wingstop CEO Charlie Morrison, reported a revenue increase to $309.8 million in 2025, despite a drop in net income to $183.6 million. This IPO filing could be one of the first in the restaurant sector since market volatility has slowed down IPO activity." datetime: "2026-04-20T22:20:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283407585.md) - [en](https://longbridge.com/en/news/283407585.md) - [zh-HK](https://longbridge.com/zh-HK/news/283407585.md) --- # Jersey Mike's Confidentially Files For IPO After Blackstone Deal Add as your preferred news source on Google Add Now Jersey Mike has quietly filed for an IPO, the company announced on Monday. This is a significant move towards going public, more than a year after Blackstone took a majority stake in a deal that valued the chain at around $8 billion. After the acquisition, Jersey Mike's brought on Charlie Morrison, the former CEO of Wingstop, to take the reins. He previously led Wingstop through its IPO and a phase of quick growth. With over 3,000 locations in the U.S., Jersey Mike's is the second-largest hoagie sandwich chain, just behind Subway. They reported a revenue of $309.8 million in 2025, which is a 10.6 percent increase from the previous year. However, their net income dropped to $183.6 million, down from $238.8 million the year before. The chain was started by Peter Cancro, who began working in a sandwich shop at just 14 years old back in 1971. He later bought Mike's Subs, rebranded it, and grew it into a national franchise. Cancro was the sole owner until the Blackstone deal. This confidential filing is just the beginning of the IPO process. If it goes through, it would be one of the first restaurant IPOs since Black Rock Coffee Bar went public in September, coming at a time when IPO activity has slowed down due to market volatility and economic uncertainty. For comments and feedback contact: editorial@rttnews.com Business News ### Related Stocks - [BJRI.US](https://longbridge.com/en/quote/BJRI.US.md) - [BX.US](https://longbridge.com/en/quote/BX.US.md) - [WING.US](https://longbridge.com/en/quote/WING.US.md) - [BRCB.US](https://longbridge.com/en/quote/BRCB.US.md) ## Related News & Research - [Blackstone (NYSE:BX) Director Purchases $43,679.20 in Stock](https://longbridge.com/en/news/286321825.md) - [BREAKINGVIEWS-India’s offices shrug off AI job apocalypse](https://longbridge.com/en/news/286359744.md) - [Key facts: Blackstone to buy majority of Skroutz for €635M; plans fund](https://longbridge.com/en/news/286149273.md) - [Blackstone Walks Away From $4 Billion New World Deal](https://longbridge.com/en/news/286485732.md) - [EXCLUSIVE-Blackstone, CD&R explore bids for Ben & Jerry's owner Magnum, sources say](https://longbridge.com/en/news/286542972.md)