UPDATE 1-Jersey Mike's aims to raise up to $1.09 billion in US IPO

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- Sandwich chain Jersey Mike's Subs is aiming to raise as much as $1.09 billion in its initial public offering in the United States, it said on Monday.

The U.S. IPO market rebounded in the second quarter as companies across multiple sectors pursued New York listings, overcoming a brief slowdown sparked by the U.S.-Iran conflict.

Jersey Mike's, known for its submarine sandwiches, traces its roots to 1956 when Peter Cancro started working at the company's Point Pleasant, New Jersey location, which was founded as Mike’s Subs.

The ​company has applied to list on the New York Stock Exchange under the trading symbol "JMKE." Morgan Stanley, Jefferies and J.P. Morgan ​are the joint book-running managers in the offering.