Jersey Mike's made its public market debut on the New York Stock Exchange (NYSE) under the ticker "JMKE". The sandwich chain priced its initial public offering (IPO) at $23 per share, but the stock opened at $21 per share and fell approximately 2% during Thursday afternoon trading. The company sold 43.5 million shares, raising about $1 billion and valuing the company at $7.3 billion, marking one of the largest initial fundraises for a restaurant IPO. Jersey Mike's plans to use the proceeds to pay down debt and for general corporate purposes, with future plans for international expansion.