Popular Sandwich Chain Plans IPO Valued Up to $1 Billion

Jersey Mike’s Subs is planning an IPO to the tune of $12 million with hopes to raise more than $1 billion, according to Bloomberg. The sandwich chain currently has 3,300 stores, and it has the potential to grow to 8,000.

Jersey Mike’s keeps its menu pretty simple; there’s the Italian, the ham, the turkey, all with one type of cheese, provolone, with a few secret menu items that frequent visitors know about. Regulars know they can get any sub “Mike’s way,” with tomatoes, onion, lettuce, and a little vinegar and spices.