Economic TimesLean R·
US stocks: Jersey Mike's shares fall 8.7% in New York debut
Jersey Mike's debuted on the New York Stock Exchange with shares opening lower. The sandwich chain's initial public offering raised approximately one billion dollars. This listing marks one of the largest restaurant IPOs in recent years. The company operates over three thousand three hundred locations across the United States and Canada. Jersey Mike's offering tests investor confidence in the wider retail sector.
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