"Gate @Gate_zh The second phase of direct IPO is here! This time, the target is Jersey Mike’s (JMKE), a sandwich chain brand with over 3,300 stores across North America. The IPO reference subscription price is $21–$25 per share. I think this round is pretty interesting. In our industry, most IPOs are tech-related, and it’s rare to see one in the food and beverage sector. Although fast-moving consumer goods and dining might not be as flashy as AI in this era, they’re actually the true profit kings, offering steady growth over many years. That’s why they’re Warren Buffett’s favorites. Another thing is that Gate’s continuous IPO offerings make participating in IPOs much more convenient now. In the past, for regular users like us to participate in U.S. stock IPOs, we had to go through overseas brokers and meet requirements for accounts, funds, and regions. Now, with Gate, you can directly submit your subscription using USDT or GUSD. It’s fast and convenient. On another level, this also shows how crypto platforms are gradually evolving from places to trade cryptocurrencies into comprehensive accounts for global assets. Key points to note for this IPO: 1️⃣ Timing Subscription period: July 27, 10:00 – July 29, 10:00 (UTC+8) 2️⃣ Stablecoins and weight distribution: This round’s subscription pool is split 50/50 between USDT and GUSD. The system calculates weight based on the average locked amount per hour during the subscription period. So, the earlier you participate, the higher your average locked weight. 3️⃣ Buffer mechanism: In terms of capital efficiency, this time there’s a buffer mechanism. If the stablecoins you put in don’t get allocated to any shares, you’ll receive interest as compensation: For example, if you participate using USDT and Gate doesn’t end up allocating any shares to you, your USDT subscription funds will still earn an annualized interest subsidy of 3.8%, calculated based on the subscription period and actual locked amount. GUSD already has yield, so there won’t be additional subsidies for it. #Gate #IPO #JerseyMikes #Crypto #USDT #GUSD #Investing #Finance