The Jersey Mike's Enigma: A High Stakes Test of Investor Appetite Jersey Mike's, a New Jersey based sandwich chain founded in 1956, is set to make its public market debut with an eye watering valuation that could reach $7.
9 billion at the high end. This would put it firmly above recent restaurant IPOs, including Cava and Sweetgreen.
The company's impressive growth story has driven investor enthusiasm, with same store sales increasing by 50% between 2020 and 2025.