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Jersey Mike’s targets an $8 billion valuation for IPO

The IPO follows Blackstone’s move to reduce expenses, a step tied to the company’s faster path to the offering this week.

Reported · Written up by our desk · IPOs

Jersey Mike’s is set to launch an initial public offering this week at a valuation of about $8 billion, according to WSJ Markets.

The report links the timing and valuation to Blackstone’s involvement with the company, including actions to reduce expenses ahead of the listing.

WSJ Markets said Jersey Mike’s is moving quickly toward the IPO after those cost reductions, which helped put the deal on a faster track this week.

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