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Jersey Mike’s, Cumberland Farms Join Swelling IPO Pipeline in US | Bloomberg Businessweek, Sonic AI
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Jersey Mike’s, Cumberland Farms Join Swelling IPO Pipeline in US | Bloomberg Businessweek
Bloomberg Businessweek
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Jul 6, 2026
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7:16
Interview
Jersey Mike’s, Cumberland Farms Join Swelling IPO Pipeline in US | Bloomberg Businessweek
From
Bloomberg Businessweek
Carol Massar
(Bloomberg Businessweek anchor and financial…, Bloomberg Businessweek Announcer)
•
Tim Stenovec
(Host)
•
Nora Melinda
(Guest)
•
Bloomberg Businessweek Announcer
(Guest)
•
Anthony Hughes
(Guest)
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Executive Summary
The US IPO market is outperforming the S&P 500 in 2024, with an average return of 19%, but has not reached the volume of the 2021 peak.
Market performance is highly bifurcated, with AI-adjacent and private equity-backed companies driving returns, while consumer and software sectors are significantly underperforming.
The upcoming IPO of Jersey Mike's, backed by Blackstone, is a notable exception in the consumer space, driven by strong same-store sales growth, rapid expansion, and a quick PE turnaround.
Investment banks are strategically preparing a pipeline of non-AI companies, such as insurance brokers, to offer investors an alternative should the AI-driven market trend cool down.
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The Bifurcated IPO Market
The 'AI-Adjacent' Premium
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Processed Jul 6, 2026
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