Jersey Mike's (JMKE.US) IPO priced at $21-25 per share, expected to become the ninth largest restaurant enterprise in the United States by market value.

According to the Wisdom Financial APP, the Blackstone-backed sandwich chain brand Jersey Mike's Subs (JMKE.US) announced on Monday that it has started its first initial public offering (IPO) roadshow, planning to issue 43,478,261 shares of Class A common stock, which will be sold by the company and some shareholders. The company expects the IPO price range to be between $21.00 and $25.00 per share.