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Shake Shack is part of fast-food movement that has emphasized fresh food and friendliness, a tack that will value the company at around $745 million.
Shares will begin trading on NYSE Friday under the symbol "SHAK"
NEW YORK (Reuters) - Burger chain Shake Shack Inc has priced its initial public offering at $21 a share, CNBC reported, citing Dow Jones newswires, above the expected range. On Wednesday, the casual dining chain had raised its expected IPO price to a range of $17 to $19 a share from a previous $14 to $16. Show More Summary
Shake Shack sold 5 million shares in its IPO for $21 each, Bloomberg reports. More to come... Join the conversation about this story »
He'll definitely be able to afford to shave now. We're now in the final countdown before Shake Shack's hotly anticipated IPO, and the demand's already so high that they've raised the price for a piece of SHAK from $14-16 to $17-19. Danny...Show More Summary
The depressing sight of Shake Shack's skeleton in Madison Square Park should be somewhat offset with a sugar high provided by Momofuku Milk Bar, which will be operating a pop-up on the south side of the park. Beginning this Saturday,...Show More Summary
It took Danny Meyer, founder of the soon-to-be-public company Shake Shack, nearly 10 years after opening his first restaurant, in 1985, to open his second one. And after he launched the first permanent Shake Shack location in New York's Madison Square Park in 2004, it was almost five more years before he opened another. He told the New York Sun back in 2008: "I […]
By Lisa Baertlein (Reuters) - Growth-hungry investors are lining up for shares of burger chain Shake Shack, which plans to price its initial public offering after the U.S. stock market closes on Thursday. The IPO market lately has been...Show More Summary
Shake Shack is the IPO everyone is talking about. The burger chain boosted its expected share price, giving the company a valuation of up to $674.5 million. Executives say Shake Shack could expand to hundreds of locations in the near...Show More Summary
The Shake Shack IPO begins trading tomorrow. With Shake Shack's IPO imminent, Crain's New York took a look at the latest SEC filing. Per the new documents, restaurateur and Shake Shack CEO Danny Meyer is now worth about $140 million more than he was last week. Show More Summary
Danny Meyer is known for founding some of the city's best restaurants, including Union Square Cafe, Gramercy Tavern, Eleven Madison Park and the Modern at MoMA. But he's going to make his biggest... To view the full story, click the title link.
At the high end of its newly expanded range, the company will raise $95 million -- and more than $109 million if underwriters exercise an option to sell more shares.
The popular burger chain has grown quickly in recent years.
Shake Shack increased the projected price range for its initial public offering of stock in the burger chain. The fast-growing company, which began as a New York City hot dog cart in 2001, said in a... To view the full story, click the title link.
Shake Shack now expects IPO to be priced higher at $17-$19 a share (Reuters) Burger chain Shake Shack Inc (SHAK.N) now expects its initial public offering to be priced at $17-$19 per share, up from $14-$16 expected earlier, valuing the company at up to $674.5 million. Show More Summary