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Jersey Mike's, the sub chain bought just last year by Blackstone, raised $1 billion in its IPO and today began trading on the New York Stock Exchange.
Why it matters: It's a rare 2026 bright spot for a restaurant industry that's been beset by high food costs and a recent parasite outbreak, even though its opening trades were below the IPO price.
What they're saying: Axios today spoke with Charlie Morrison, the former Wingstop CEO who Blackstone put in charge of Jersey Mike's.
