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Jersey Mike’s Debuts on NYSE with Big IPO Push
business26 days ago

Jersey Mike’s Debuts on NYSE with Big IPO Push

Jersey Mike's Subs began trading on the NYSE as JMKE, raising about $1B and valuing the company at roughly $7.3B after selling 43.5M shares; with nearly 3,300 locations, it’s the largest publicly traded hoagie chain and among the biggest U.S. restaurant IPOs. The stock opened around $21 (vs $23 IPO price) and has fallen about 2% since; proceeds will pay down debt and fund international expansion toward a 15,000-restaurant goal. CEO Charlie Morrison says a higher-income customer base helps weather dining trends, and the deal signals a positive path for other consumer IPOs.

via CNBC|
#business#franchising#ipo
Sustainable fashion label Reformation debuts on NYSE with $210M IPO
business26 days ago

Sustainable fashion label Reformation debuts on NYSE with $210M IPO

Reformation priced its IPO at $15 and began trading on the NYSE under REF, raising about $210.9 million through 14,062,500 shares. The women’s apparel retailer has posted 20 straight quarters of double-digit revenue growth, with 2025 revenue of $507.1 million and net income of $12.6 million, and now operates 70 stores plus a growing direct-to-consumer business with over 1 million active customers in 2025; its core customer base is aged 25–50 and generally earns over $100,000 annually.

via CNBC|
#business#fashion#ipo
Trump Rings NYSE Bell to Launch Kids’ Investment Accounts from White House
politics1 month ago

Trump Rings NYSE Bell to Launch Kids’ Investment Accounts from White House

President Trump marked the first trading day for a government-backed 'Trump accounts' program that gives each eligible child $1,000, with up to $5,000 a year in additional deposits, invested in a diversified index fund and controlled by parents until age 18; the accounts aim to help children from low-income families build long‑term savings for college, a home, or a business. The White House event featured the NYSE bell ceremony, and donations from Michael and Susan Dell, Ray Dalio and family, and SpaceX CEO Gwynne Shotwell, supporting recipients in lower-income areas.

via The Guardian|
#child-savings-accounts#donations#government-program
Ackman’s Pershing Square sinks 18% on NYSE debut despite record $5B raise
business3 months ago

Ackman’s Pershing Square sinks 18% on NYSE debut despite record $5B raise

Bill Ackman’s Pershing Square USA Ltd. opened on the NYSE after a $5 billion IPO and private placement, but the shares dropped about 18% from the $50 offer price to close at $40.90; the launch, meant to give retail investors Berkshire Hathaway-like, long-term exposure via a closed-end fund, drew skepticism over the structure’s discounts and the ability to sustain returns, despite Ackman’s public push and a large following.

via New York Post|
#bill-ackman#business#closed-end-fund
Ackman Seeks Public Debut for Pershing Square with NYSE Dual Listing
business5 months ago

Ackman Seeks Public Debut for Pershing Square with NYSE Dual Listing

Hedge fund manager Bill Ackman’s Pershing Square filed to list on the NYSE with a dual listing for its common stock and PSUS, aiming to raise $5-10 billion for PSUS at $50 a share and a 20-for-100 exchange ratio, with about $2.8 billion already committed from a mix of family offices, pension funds and ultra‑high‑net-worth investors; the move would give public investors exposure to Ackman’s long‑term, Berkshire Hathaway‑inspired permanent‑capital platform.

via CNBC|
#ackman#business#ipo
Garner-backed Once Upon a Farm opens on NYSE as OFRM
business6 months ago

Garner-backed Once Upon a Farm opens on NYSE as OFRM

Jennifer Garner-backed Once Upon a Farm began trading on the NYSE as OFRM after pricing its IPO at $18, raising about $198 million and valuing the company at $724 million; the stock opened around $21 and rose intraday, as the company plans to deploy proceeds to pay down debt and fund expansion amid a shift toward organic, less-processed foods.

via CNBC|
#business#ipo#nyse
NYSE bets on 24/7 markets with tokenized securities platform
business7 months ago

NYSE bets on 24/7 markets with tokenized securities platform

NYSE, via parent ICE, is building a platform for trading and on‑chain settlement of tokenized U.S. equities and ETFs, enabling 24/7 trading, fractional shares, dollar‑denominated orders and immediate settlement with tokenized capital across multiple blockchains. The venue would be regulated and is part of ICE’s broader push toward digital market infrastructure, with banks like BNY and Citi facilitating tokenized deposits to support round‑the‑clock margin and settlement.

via The Block|
#247-trading#business#ice
finance7 months ago

NYSE Bets on 24/7 Tokenized Trading With On-Chain Settlement

The NYSE, part of Intercontinental Exchange, announced plans to develop a tokenized-securities platform that enables 24/7 trading and instant on-chain settlement, with fractional-share trading and multi-chain support, subject to regulatory approvals. The platform is designed to integrate with ICE’s broader digital strategy, including tokenized deposits and collateral, and will operate with non-discriminatory access to qualified broker-dealers.

via Business Wire|
#247-trading#finance#fractional-shares