MARKETSSTORY 527· JULY 4, 2026

Jersey Mike's Files for IPO as Blackstone Eyes $12 Billion Valuation

Jersey Mike's, the sandwich chain known for cheesesteaks and cold-cut heroes, has filed for an initial public offering, with private equity backer Blackstone targeting a valuation of up to $12 billion. The filing puts a headline number on…

NDNewsDialy Desk2 MIN READ

SOURCE

ft.com

← PREVIOUS STORY 526Driven Brands Holdings Inc. Shareholders Drawn Into Fiduciary Duty Inquiry NEXT STORY 528 →Safe-Haven Assets Are Failing Investors When They Need Them Most

Keep reading

More from the desk.

47MARKETS

Nvidia reportedly plans a $500 billion off-balance sheet vehicle

A half-trillion-dollar corporate structure designed to sit outside a company's main financial filings is reportedly being prepared for disclosure. That arrangement relies on a special purpose vehicle, a separate legal entity set up so its…

markets2 MIN

51MARKETS

AI share sales by Google and Intel leave the sector watching for the next move

Shares in AI-focused companies are being sold, and the market now wants to know who acts next. That kind of sale is called a divestiture, which means offloading a position you already own. Google (GOOGL) and Intel (INTC) have each made…

markets2 MIN

176MARKETS

Consensus positions took a hit in July, Goldman Sachs hedge fund desk says the volatility has passed

July rattled consensus market positions, the trades so widely held across funds that they function as the investing crowd's shared default bet. Goldman Sachs' head of hedge fund coverage told clients that the volatility responsible for…

markets2 MIN

Tomorrow · 06:00

Start tomorrow already ahead.

Five stories, a two-minute read, zero noise — the world before your first coffee.

Get the 6AM brief Back to the desk