SRX Global Invests in Jersey Mike's IPO at $1B Valuation

SRX Global Inc. announced its acquisition of shares in the initial public offering of Jersey Mike's, a prominent fast-casual restaurant franchisor. Jersey Mike's Class A common shares were priced at $23.00 per share, resulting in a total valuation of $1 billion. The company, which operates over 3,300 locations across the United States and Canada, began trading on the New York Stock Exchange under the ticker JMKE.