business
Jersey Mike’s Files IPO Prospectus Disclosing Family Pay and Aircraft Transfer Ahead of NYSE Listing
The sandwich chain filed its IPO prospectus on July 2, 2026, detailing tens of millions in pay to founder Peter Cancro’s relatives and the transfer of a $41 million aircraft. The filing also covers Blackstone’s 2024 acquisition and plans to list on the New York Stock Exchange under ticker JMKE.
FO
eonline.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
Jersey Mike’s filed an IPO prospectus on July 2, 2026, that disclosed more than $50.5 million in total compensation paid to founder Peter Cancro’s stepson Phillip Sivolobov between 2023 and 2025. @Forbes reported that Cancro’s brother-in-law Daniel Powers received more than $31 million in fiscal years 2024 and 2025, while Cancro’s brother John Cancro collected approximately $21 million over the same three-year period.
None of the listed family members received compensation in the 13 weeks ended March 29, 2026.
The prospectus showed that an aircraft was transferred to an entity controlled by Cancro for roughly $41 million in connection with Blackstone’s 2024 acquisition of a majority stake. Cancro also received about $2 million in 2025 to cover air travel expenses.
Cancro resigned as CEO in 2025 and personally controls the master franchise rights for up to 300 Jersey Mike’s locations in the UK and Ireland through an entity he owns.
The company was founded in 1956 and now operates more than 3,000 domestic locations with $4.3 billion in sales. Blackstone acquired its majority stake at an $8 billion valuation.
