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Home›US Markets›IPOs›Jersey Mike's stock drops 3% in public market debut

Jersey Mike's stock drops 3% in public market debut

The company priced its initial public offering at $23 per share before the stock fell about 3% after the debut, CNBC Markets reported.

Reported · Written up by our desk · IPOs

Jersey Mike's shares fell about 3% in their public market debut after the company priced its initial public offering at $23 per share, according to CNBC Markets.

The move marks the early trading reaction to the IPO pricing level, with the stock sliding in the first session following the sale.

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Sources

CNBC MarketsJersey Mike's stock falls 3% in public market debut after pricing shares at $23

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