Jersey Mike’s enters the public market under the ticker JMKE, pricing more than 43 million shares at $23 each. CEO Charlie Morrison is scheduled to appear on NYSE Live to outline the sandwich chain’s post-IPO strategy. Meanwhile, fashion retailer Reformation has successfully priced its shares at $15 apiece, raising $211 million through its offering.
Jersey Mike's and Reformation Debut on the NYSE
Wall Street kicks off Wednesday with a double retail IPO as Jersey Mike’s Subs and Reformation begin trading on the New York Stock Exchange. The listings arrive while investors weigh the latest Federal Reserve policy decisions against a heavy stream of corporate earnings reports hitting the floor this morning.
These debuts unfold against a backdrop of broader market volatility. Traders are currently parsing Wednesday's central bank guidance to gauge the economic outlook, shifting focus away from the recent activity surrounding Blackberry, which recently marked its transition toward specialized, high-security enterprise environments at the exchange.
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