Gate Direct IPO Program Phase 2 launches Jersey Mike’s (JMKE), supporting dual-currency intent subscriptions with USDT/GUSD

Gate, a leading digital asset trading platform, has opened the second round for expressions of interest for the IPO Access program: Jersey Mike’s (JMKE). Users can participate in the public offering subscription using USDT or GUSD, with the opportunity to receive corresponding stock allocations and then directly enter the stock trading market after the listing.

This round of expressions of interest for Jersey Mike’s (JMKE) will begin on July 27, 2026 at 10:00 (UTC+8) and end on July 29, 2026 at 10:00 (UTC+8). The reference expression-of-interest subscription price is $21–$25 per share; the final price will be determined based on the IPO’s actual pricing results. The minimum amount a user may contribute is 100 USDT or 100 GUSD, and the maximum amount is 500,000 USDT or 500,000 GUSD. No additional fees will be charged for this subscription. Regarding the subscription mechanism, this round sets up a USDT subscription pool and a GUSD subscription pool, each accounting for 50%. The platform will calculate the allocation ratio based on each user’s hourly average locked-in amount during the subscription period. Earlier participation and longer lock-up periods will result in higher allocation weight. The project will dynamically adjust the subscription arrangement based on overall expressions of interest and subscription demand, and there is a possibility that the subscription channel may close early.

Please note that this IPO subscription is an “expression of interest.” Submitting an application does not necessarily mean you will receive an allocation. Users may receive all, part, or none of the allocation. The final outcome will be determined comprehensively based on the actual IPO offering situation, the allocation quota the platform receives, and the user’s subscription situation. If the platform ultimately receives no allocation, USDT subscription users will receive an interest subsidy at an annualized rate of 3.8% based on their subscribed locked-up funds; during the GUSD subscription period, users will normally enjoy a 3.8% annualized return.

After the allocations are completed, the relevant shares will be distributed before the IPO listing. They are expected to be credited to users’ Gate stock accounts on July 30, 2026. There is no lock-up period for these shares, and 100% unlocking is supported. After the shares are listed, users can trade them via the Gate Stocks section; the specific listing and settlement/credit timing will be subject to the actual issuance arrangement.

Jersey Mike’s is a well-known North American submarine sandwich chain brand, founded in 1956, and currently has more than 3,300 stores in the United States and Canada. In 2025, Blackstone (the Blackstone Group) completed its investment in the majority equity stake in the company. The company’s subsequent plans include advancing a listing on the U.S. capital markets. With Jersey Mike’s (JMKE) going live on Gate, it further expands Gate’s lineup of IPO Access projects, providing users with a new opportunity to participate in subscriptions for global companies before they go public. Users can independently assess based on publicly available information, market conditions, and their own needs.

Gate has built an investment ecosystem covering global stock markets. It supports trading of 12,500+ stocks and ETFs across the U.S. stock market, Hong Kong stock market, and Korean stock market, and offers diversified services including fractional share trading, stock dividends, cross-broker share transfers between U.S. and Hong Kong markets, and stock splits and reverse splits. In addition, the platform offers products such as gStocks tokenized securities, Pre-IPOs, and IPO Access, building a complete asset allocation system that covers opportunities before listing, open-market trading, and investment in tokenized securities. Looking ahead, Gate will continue to expand its allocation of high-quality global assets, improve multi-asset trading infrastructure, and provide users with a more open and efficient global investment experience.

Learn more: https://www.gate.com/announcements/article/100826

About Gate

Gate was founded in 2013, and its founder and CEO is Dr. Han. It is one of the leading crypto and comprehensive financial service platforms globally. It has over 58 million users, supports trading of 4,800+ types of crypto assets and 12,500+ types of stock assets, and fully covers TradFi assets such as metals, stocks, indices, foreign exchange, and commodities, providing users with a one-stop, multi-asset trading and allocation experience. As an industry benchmark, Gate was the first to achieve 100% Proof of Reserves, covering a diversified product and ecosystem layout including Gate Wallet, Gate Ventures, and Gate for AI Agent.

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Disclaimer:

This content does not constitute any offer, solicitation, or advice. Before making any investment decisions, you should always seek independent professional advice. Please note that Gate may restrict or prohibit some or all services from restricted regions. Please read the user agreement for more information.