Interesting stuff—looks like nobody has any decent IEO/ICO projects on hand these days, but Gate @Gate_zh has found its comfort zone. After OpenAI, Gate is back with the second phase of its IPO direct access program, and this time it’s Jersey Mike's, JMKE. You might not have heard of this name, but it’s a big deal: the second-largest submarine sandwich chain in North America, right behind Subway, with nearly 3,300 stores across the U.S. By 2025, its system-wide sales are expected to exceed $4.2 billion. Backed by Blackstone, which acquired Jersey Mike's for around $8 billion by the end of 2024, the company is now planning to list on the NYSE, being dubbed "the biggest restaurant IPO in 20 years." This time, JMKE’s reference subscription price is $21 to $25—note, this price range is its official issuance price on the NYSE. The subscription window is open from July 27 to July 29, UTC+8. Key highlights: This IPO has no lock-up period, with 100% unlocking—no more worrying about tied-up funds or lock-in issues. Plus, the earlier you invest and the larger your investment, the higher your chances and allocation ratio. If you’re interested, join ASAP for the best deal! Gotta say, the progress and innovation of blockchain and exchanges are truly remarkable. Back in the day, participating in U.S. stock IPOs required a U.S. stock account, meeting funding thresholds, and even then, there was no guarantee you’d get an allocation. Now, you can participate using USDT or GUSD, and if you subscribe with GUSD, you’ll earn an annualized yield of 3.8% during the holding period—even if you don’t get an allocation in the end, the interest is still paid (if the platform doesn’t secure an allocation, USDT participants will also receive the same 3.8% annualized yield subsidy). Risk reminder: Intent to subscribe doesn’t guarantee allocation; the final allocation depends on the distribution results. IPOs don’t guarantee profits—prices can go up or down after listing. Everything is subject to actual outcomes.