US Stock Market Move | Jersey Mike's Subs (JMKE.US) has debuted on the U.S. stock market, closing down 5.96% on its first day of trading.

On Thursday, Jersey Mike's Subs (JMKE.US) debuted on the U.S. stock market, closing down 5.96% at $21.63 on its first day of trading. The IPO price was $23. Jersey Mike's Subs is a well-known chain restaurant brand in the U.S. specializing in submarine sandwiches, primarily operating through a franchise model and renowned for its fresh-made sandwiches with freshly sliced cold cuts and cheese. The company was founded in 1956 and currently operates over 3,300 locations in the U.S. and Canada, and is actively expanding into international markets such as the UK and Ireland.