Published May 27, 2015 4:30pm EDT | Updated May 28, 2015 8:13pm EDT

Jimmy John's Declines To Comment On Report Of IPO

Jimmy John's Franchise LLC declined to comment, following a Reuters report that the Midwest-based sandwich chain was preparing to go public. Citing sources familiar with the matter, Reuters reported that the sandwich chain is in the process of interviewing banks for an IPO at the end of the year. The company had annual EBITDA of about $150 million, the report said.