Kraken to Enable Users to Participate in Jersey Mike's IPO Through xStocks Platform

July 28th, according to official sources, xStocks, the tokenized stocks platform under Kraken's parent company Payward, announced that after SpaceX and Bending Spoons, the third xStocks IPO target will be the U.S. sandwich chain brand Jersey Mike's.

The brand currently has over 3,300 stores with annual revenue of $4.3 billion. Its U.S. sales surpass Five Guys and is expected to be one of the largest IPOs in the restaurant industry in recent years. Users can submit their subscription intentions through Kraken.