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Illustration: Gabriella Turrisi/Axios

Blackstone-backed Jersey Mike's Subs said on Monday that it plans to sell 13.8 million shares in an IPO priced between $21 to $25 apiece, giving it a market cap of between $6.7 billion to $7.8 billion.

Why it's the BFD: There's hope that if the public market digests the offering well a feast of restaurant IPOs could follow.