#068: Jersey Mike’s IPO Preview
Craig shares what he learned at his recent visit to his local Jersey Mike’s restaurant as we await the Jersey Mike’s IPO.
He also walks through Jersey Mike’s initial S-1 filing to highlight key drivers for the next decade of growth.
In IPO Radar news, Blue Origin is raising its first outside private round ever at a $130 billion valuation. Plus, Plaid is exploring a path to IPO, and Crusoe’s valuation is set to triple.
Sponsor: VCX — The public ticker for private tech. Visit GetVCX.com for more info.
- 0:00 Intro
- 0:25 About the Show
- 2:21 Private Equity IPO
- 3:57 Jersey Mike’s Road to IPO
- 4:40 My Visit to Jersey Mike’s
- 6:49 Sponsor: VCX
- 8:07 Jersey Mike’s IPO Filing Walkthrough
- 9:37 Key Data Points
- 10:40 Letters
- 11:49 Revenue Numbers
- 13:37 Stores and Sales Growth
- 15:27 Unit Level Economics
- 15:45 Expansion
- 16:53 Jersey Mike’s IPO Valuation
- 18:05 Debt and Use of Proceeds
- 20:00 Key Drivers
- 20:34 Vs. Subway and TAM
- 21:47 Summary
- 22:10 IPO Radar News
- 22:29 Blue Origin Funding Round
- 25:04 Plaid IPO
- 26:30 Plaid IPO Date
- 27:37 Crusoe Funding Round
- 28:28 Neocloud Stocks
- 29:30 Crusoe Valuation
- 30:40 Stay Connected
Disclosures: At the time of recording, Craig had no position in Jersey Mike’s, Blue Origin, Plaid, or Crusoe. Craig is long VCX restricted shares and the Fundrise internet public offering (iPO). Access IPOs is an affiliate partner with Fundrise, and VCX is a paid sponsor of the Access IPOs podcast. Access IPOs content is for informational purposes only and the host does not recommend that investors buy or sell any stocks, funds, or private companies mentioned. Perform personalized due diligence and only invest with money you can afford to lose, as IPO and pre-IPO investments inherently carry a high degree of risk. Invest in IPOs and private companies at your own risk.
