Sponsor: VCX --- The public ticker for private tech. Visit GetVCX.com for more info.
Episode 68: Craig shares what he learned at his recent visit to his local Jersey Mike's Subs restaurant as we await the Jersey Mike's IPO. He also walks through the Jersey Mike's initial S-1 filing to highlight key drivers for the next decade of growth.
In IPO Radar news, Blue Origin is raising its first outside private round ever at a $130 billion valuation. Plus, Plaid is exploring a path to IPO, and Crusoe's valuation is set to triple.
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(0:00) Intro
(0:25) About the Show
(2:21) Private Equity IPO
(3:57) Jersey Mike's Road to IPO
(4:40) My Visit to Jersey Mike's
(6:49) Sponsor: VCX
(8:07) Jersey Mike's IPO Filing Walkthrough
(9:37) Key Data Points
(10:40) Letters
(11:49) Revenue Numbers
(13:37) Stores and Sales Growth
(15:27) Unit Level Economics
(15:45) Expansion
(16:53) Jersey Mike's IPO Valuation
(18:05) Debt and Use of Proceeds
(20:00) Key Drivers
(20:34) Vs. Subway and TAM
(21:47) Summary
(22:10) IPO Radar News
(22:29) Blue Origin Funding Round
(25:04) Plaid IPO
(26:30) Plaid IPO Date
(27:37) Crusoe Funding Round
(28:28) Neocloud Stocks
(29:30) Crusoe Valuation
(30:40) Stay Connected
