Sandwich Chain Jersey Mike’s, Backers Raise $1 Billion in IPO
THE SO WHAT
A $1 billion IPO for a sandwich chain is another data point that public markets still pay for predictable, unit-economics-driven growth while many tech multiples compress. For founders, this widens the barbell: either build real cash flow or a credible AI/infrastructure story—middle-ground “growth at any cost” is getting priced out.
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