How to Play Jersey Mike’s Subs Stock After the JMKE IPO Jersey Mike's Subs' debut on the New York Stock Exchange last month was met with a lukewarm reception from investors.
The company's stock opened at $21 and closed its first trading session down 5. 7% from its IPO price of $23.
This initial underperformance has led some to question whether Jersey Mike's is overvalued or if the market simply needs time to adjust to this new player on Wall Street.