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Tuesday, March 19, 2024
March 19, 2024

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Report: Jimmy Johns preparing IPO

The Columbian
Published:

Sandwich chain Jimmy John’s is prepping to go public, Reuters reported Wednesday.

The Champaign, Ill.-based chain is reportedly interviewing investment banks to serve as underwriters for an IPO that could come later this year, according to the news service.

Jimmy John’s, which has about 2,000 locations, has annual earnings of about $150 million before interest, tax, depreciation and amortization, sources told Reuters.

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