Jersey Mike’s Subs is officially joining the ranks of retail operators seeking to go public this year, with the sandwich chain outlining plans to grow to roughly 15,000 restaurants worldwide — more than four times its current footprint of 3,300 locations.

The Tinton Falls, New Jersey-based company’s filing for an initial public offering with the Securities and Exchange Commission said it will trade on the New York Stock Exchange under the name “JMKE.” It said it has yet to determine the number of shares to be sold and the price range for the proposed offering.

Bloomberg News reported Jersey Mike’s is seeking a valuation of about $12 billion, and the IPO is expected to raise more than $1 billion.

Jersey Mike’s is a home-grown success story in the Garden State. Its founder, Peter Cancro, started working at a Jersey Shore sandwich shop as a teenager, later bought the store, expanded to additional locations and eventually franchised the concept. In January last year, private equity firm Blackstone acquired a majority stake in the company for $8 billion.

In April, it was reported that Jersey Mike’s had filed confidentially for an IPO. It comes as a number of retailers, including restaurant operators, have filed to go public this year.

Like Jersey Mike’s, Charlotte, North Carolina-based Cumberland Farms on Thursday filed an S-1 form for an IPO. Women’s apparel chain Reformation filed last week, and in May, Inspire Brands — owner of Dunkin’, Arby’s and Buffalo Wild Wings — filed for its IPO.

The sub chain sees room for significant growth in both new and existing markets across North America and Europe.

“Our highly portable, profitable, and capital-efficient store model continues to generate strong franchise owner demand and drive store growth,” Jersey Mike’s stated. “We believe significant whitespace remains in the U.S., with the opportunity to open approximately 7,500 stores [which includes the existing stores], based on benchmark store density levels achieved in our most penetrated domestic market.”

The company has a solid domestic pipeline of over 1,600 stores across new and existing markets, according to the filing.

“Over 90% of this pipeline is being undertaken by existing franchise owners — a powerful signal of franchisee confidence in the model,” Jersey Mike’s said.

As of June 30, agreements had been signed for over 1,250 of these stores, and the remaining were in active negotiation, according to the chain.

And worldwide growth is in the works, “with the potential to eventually grow to approximately 15,000 stores globally over the long term, supported by the international growth experience of comparable restaurant brands,” according to Jersey Mike’s.

It said it had entered into a 300-store development agreement in Canada, where its initial locations have achieved average weekly sales of $1.6 million as of Dec. 28, “exceeding U.S. system averages and validating the international appeal of the Jersey Mike’s brand.”

Founder Cancro will be spearheading growth in Europe, inking an initial development agreement with the chain for 300 stores in the United Kingdom and Ireland.

Cancro “will bring the same vision and passion that built the brand in the U.S. to European guests,” according to Jersey Mike’s.

“We believe our international opportunity is substantial and could ultimately exceed the size of our domestic business,” the company said.

Cancro addressed shareholders in a letter that was included in the S-1 filing.

“We are projecting our first UK stores to open towards the end of 2026, beginning in greater London,” he said.

Jersey Mike’s disclosed that while its traditional in-line and end-cap stores are 1,500 square feet, it is targeting just 1,200 to 1,400 square feet for its new locations.