#直通IPO第二期JerseyMikes

The gap between cryptocurrency and traditional finance continues to shrink, and Gate's Straight to IPO Season 2 is another example of how digital asset platforms are expanding access to public equity markets. After the success of its first IPO campaign, Gate has introduced a new opportunity featuring Jersey Mike's Subs (NYSE: JMKE), allowing eligible users to subscribe to one of the most anticipated U.S. restaurant IPOs directly through the Gate ecosystem using USDT or GUSD.

The subscription window opens on 27 July 2026 at 02:00 UTC and closes on 29 July 2026 at 02:00 UTC. Users can participate with a minimum subscription of 100 USDT or 100 GUSD, while the maximum subscription limit reaches 500,000 USDT or 500,000 GUSD, making the campaign accessible to both retail participants and larger investors.

Jersey Mike's is far from being a new name in the food industry. Founded in 1956, the company has spent nearly seven decades building one of North America's fastest-growing sandwich brands. Today, it operates more than 3,300 locations across the United States and Canada, with approximately 99% of its restaurants running under a franchise model. This structure enables the company to generate recurring royalty income while maintaining relatively low capital expenditure compared with businesses that directly operate their own stores.

The company's financial growth has also attracted considerable market attention. During 2025, Jersey Mike's generated approximately $4.3 billion in system-wide sales, demonstrating strong consumer demand despite a competitive quick-service restaurant industry. At the same time, its digital ecosystem continued expanding, with its loyalty programme surpassing 12.5 million active members. Growing mobile ordering, online engagement, and customer retention have become increasingly important drivers of the company's long-term growth strategy.

Another milestone arrived in 2024, when global investment firm Blackstone acquired a majority ownership stake in Jersey Mike's in a deal valued at roughly $8 billion. The upcoming IPO represents the next chapter of that investment. According to the announced terms, the company plans to list on the New York Stock Exchange under the ticker JMKE, offering approximately 43.5 million shares within an indicated price range of $21 to $25 per share.

If pricing reaches the top end of the proposed range, the IPO could raise approximately $1.09 billion, while placing the company's valuation close to $7.9 billion. Market observers will closely watch investor demand, particularly because Jersey Mike's has established itself as one of the largest privately owned restaurant chains entering the public market in recent years.

The published prospectus also provides insight into how the proceeds will be distributed. Around 68% of the offered shares are existing shares being sold by current shareholders rather than newly issued shares. The remaining capital received by the company is expected to be used primarily for repaying acquisition-related debt, strengthening the balance sheet following Blackstone's investment. Even after the IPO, Blackstone is expected to remain the controlling shareholder with majority voting power.

For crypto users, Gate's IPO Access platform introduces a different way to participate in traditional financial opportunities. Separate subscription pools are available for USDT and GUSD, giving users flexibility depending on their preferred stablecoin holdings. However, participation does not guarantee share allocation. Final allocations depend on the number of shares available to the platform and the official allocation methodology outlined in the campaign rules.

One additional feature attracting attention is the estimated 3.8% APR available for eligible GUSD subscriptions during the holding period. Furthermore, according to the published rules, users participating through the USDT subscription pool who do not receive an allocation may qualify for an interest subsidy, subject to the event's specific eligibility requirements. These incentives provide added utility while users wait for allocation results.

Another advantage highlighted by the platform is the absence of a lock-up period for successfully allocated shares. Once allocated, shares are expected to be credited directly to eligible users' Gate Stock Accounts, allowing them to trade after the public listing, subject to exchange schedules and market conditions.

Beyond a single IPO, this campaign reflects a broader transformation taking place across financial markets. Cryptocurrency platforms are increasingly integrating traditional investment products, enabling users to access selected U.S. public offerings without leaving the digital asset ecosystem. Stablecoins such as USDT and GUSD are evolving beyond simple payment instruments, becoming gateways to broader financial opportunities that combine blockchain accessibility with conventional capital markets.

As always, investors should carefully review the official prospectus, understand the allocation process, evaluate the potential risks, and read the complete event rules before participating. Every IPO carries opportunities as well as uncertainty, and informed decision-making remains essential. Gate's Straight to IPO Season 2 demonstrates how digital finance continues to evolve, giving eligible users another pathway to participate in the next generation of public market investing.

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