Gate has kicked off the second phase of its IPO Access program, opening subscription for Jersey Mike’s (JMKE). Investors can now indicate their interest using either USDT or GUSD, gaining a chance to secure shares before the public listing and trade them directly on Gate’s stock market.
The indication subscription window runs from July 27, 2026, 02:00 UTC to July 29, 2026, 02:00 UTC. Shares are priced within a range of $21 to $25, with the final price set by the IPO’s official pricing. Subscription minimums start at 100 USDT or GUSD, capped at 500,000 of either currency, without any additional fees.
Subscription Structure and Allocation Details
The total offering splits evenly between two pools: USDT and GUSD, each holding 50% of the allocation. Allocation depends on users’ hourly average locked commitments during the subscription period. Early participants who maintain their stakes longer get priority in share distribution. The platform may adjust subscription parameters based on demand and could close the offering early if interest surges.
Since this is an indication subscription, putting in a subscription doesn’t guarantee shares. Allocations could be full, partial, or none, depending on Gate’s final IPO allotment and overall demand. Expected share delivery to Gate Stocks accounts is set for July 30, 2026, before trading begins. these shares come fully unlocked, allowing immediate trading once listed.
If Gate receives no allocation, USDT subscribers will earn a 3.8% annualized interest subsidy on their locked funds, while GUSD subscribers continue accruing the standard 3.8% yield during the subscription.
Jersey Mike’s, founded in 1956, is a major North American sub sandwich chain with over 3,300 outlets across the US and Canada. Blackstone’s acquisition of a majority stake in 2025 set the stage for this public listing, now accessible through Gate’s IPO Access program. This move extends Gate’s reach into high-profile global IPOs, offering users fresh investment channels.
