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 in North America, with a reference intention offering price of $21—25 per share.
I think this phase is quite interesting, as in our industry, most integrations are in technology, and very few are seen in dining. Although fast-moving consumer goods and dining may not shine as brightly as AI in this era, they are actually the guarantee of profit kings and can sustain growth for many years, which is why they are Buffett's favorite.
In addition, Gate's ongoing IPOs make me feel that participating in an IPO is indeed much more convenient now. Previously, as ordinary users participating in U.S. stock IPOs, we might need to go through overseas brokers, meeting account, funds, and regional conditions;
Now GATE can directly use USDT or GUSD to submit intention to purchase, making it convenient and fast. From another perspective, we can also see that crypto platforms are slowly transforming from just trading cryptocurrencies to becoming a comprehensive account that handles global assets.
Points to note in this new issuance:
1️⃣ Time
📅 Intention to purchase time:
July 27 10:00—July 29 10:00 (UTC+8)
2️⃣ Stablecoins and weights for the new issuance;
This time, USDT and GUSD each account for 50% of the purchasing pool,
The system calculates weights based on the average locked amount every hour during the purchasing period, so the earlier you participate, the higher the average locked weight.
3️⃣ Buffer mechanism;
In terms of fund efficiency, this time a buffer mechanism has been added, meaning that if you do not get the allocated stocks for the stablecoins you put in, interest will be subsidized:
For example, if you participate using USDT, if Gate ultimately does not receive any stock allocation, the USDT investment will also earn a 3.8% annualized interest subsidy based on the locking time, where the 3.8% is calculated based on the purchase period and actual locked amount.
GUSD already has earnings, so no additional subsidy is provided.
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