Shake Shack Priced, NYSE: SHAK

Fast-casual burger chain with 36 US and 27 international locations.

Industry: Consumer Discretionary

Latest Trade: $37.89 0.00 (0.0%)

First Day Return: +118.6%

Return from IPO: +80.4%

Industry: Consumer Discretionary

Shake Shack is a modern day "roadside" burger stand serving a classic American menu of premium burgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer and wine. Founded by Danny Meyer's Union Square Hospitality Group, LLC , Shake Shack was created leveraging USHG's expertise in community building, hospitality, fine dining, restaurant operations and the sourcing of premium ingredients. Danny's vision of Enlightened Hospitality guided the creation of the unique Shake Shack culture that, we believe, creates a differentiated experience for our guests across all demographics at each of our Shacks around the world. As the chairman of Shake Shack's Board of Directors and USHG's Chief Executive Officer, Danny has drawn from USHG's experience in creating and operating some of New York City's most acclaimed and popular restaurants—including Union Square Cafe, Gramercy Tavern, Blue Smoke, The Modern, Maialino and Marta—to build what we believe is a new fine casual restaurant category in Shake Shack.
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IPO News for Shake Shack
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IPO Data
IPO File Date 12/29/2014
Offer Price $21.00
Price Range $17.00 - $19.00
Offer Shares (mm) 5.0
Deal Size ($mm) $105
IPO Data
IPO Date 01/29/2015
Offer Price $21.00
Price Range $17.00 - $19.00
Offer Shares (mm) 5.0
Deal Size ($mm) $105
Underwriters
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Company Data
Headquarters New York, NY
Founded 2004
Employees 1,680
Website www.shakeshack.com