When it comes to headlines, the landscape for initial public offerings in 2026 has overwhelmingly been dominated by artificial intelligence and tech companies.

But next week, one of the most high-profile IPOs won’t be from an AI startup or space giant. It’ll be from the beloved sub sandwich chain Jersey Mike’s. Here’s what you need to know about the sub shop’s planned IPO as the company’s roadshow begins.

What is Jersey Mike’s?

On Monday, Jersey Mike’s Subs Inc. announced that the roadshow for its long-anticipated IPO began.

A roadshow is essentially a weeks-long sales pitch where the company that is going public tries to drum up interest from big institutional investors. During this roadshow, the company’s leadership meets with managers who run pension and other types of funds, and tries to convince them to buy into the stock.

While the Jersey Mike’s roadshow began this week, the chain has been around for significantly longer—70 years, in fact. The company’s first location, then called “Mike’s Subs,” opened in Point Pleasant, New Jersey, in 1956.

Over the next 70 years, the chain grew in store count and popularity. Currently, Jersey Mike’s has more than 3,000 locations in the United States and Canada. It distinguishes itself from other sub sandwich chains by its higher quality ingredients—something it sees as a market benefit, according to its S-1 filing with the U.S. Securities and Exchange Commission (SEC).

“Consumers, particularly Millennials and Gen Z, are increasingly favoring higher-quality, freshly prepared food with greater transparency, driving share gains for fast casual brands positioned around premium ingredients and perceived quality relative to traditional QSR [quick-service restaurant] concepts,” the company noted in the filing.

In 2024, the private equity giant Blackstone took a majority stake in Jersey Mike’s—with the view that Jersey Mike’s had significant growth prospects ahead of it. In 2026, Jersey Mike’s was named the No. 1 QSR chain in America, according to the American Customer Satisfaction Index (ACSI).

Jersey Mike’s highlights franchise benefits

While Jersey Mike’s seems to have a lot going for it, the company pointed out one particular benefit to potential investors in its S-1 filing: the diversification of its franchise base.

Specifically, the chain has “630 unique franchise owners.” Eighty of those franchise owners own 10 or more stores, but Jersey Mike’s also noted that “more than 330 franchise owners operate only one or two stores.”

Jersey Mike’s says that this diversified franchise base results “in a highly diversified ownership base with no meaningful reliance on any single operator.”

The company is likely pointing this out to showcase that its brand has a strong buffer against the potential insolvency of any franchise owner.

Recently, numerous fast food brands have suffered store closings due to major franchisees declaring bankruptcy. Such bankruptcies can be bad for a brand’s image.

Jersey Mike’s seems to be saying that its overall brand and retail footprint are relatively protected against franchisee insolvency due to its diversified franchisee base.

When is Jersey Mike’s IPO?

Jersey Mike’s initial public offering doesn’t have an official date yet. However, with the roadshow commencing this week, many expect the sub chain’s IPO to happen by the end of next week. Nasdaq’s market activity page lists the expected date as next Thursday, July 30.

What is Jersey Mike’s stock ticker?

Jersey Mike’s shares are expected to trade on the New York Stock Exchange (NYSE) under the stock ticker “JMKE.”

What is the IPO share price of JMKE?

That’s what the roadshow will determine. Jersey Mike’s will gauge interest in the company’s shares and price them accordingly. Currently, Jersey Mike’s says it expects its IPO share price to be between $21 and $25.

How many JMKE shares will be available in its IPO?

Jersey Mike’s says it expects to make 43.4 million shares of its Class A common stock available in its IPO.