Shake Shack (SHAK) Boosts Expected IPO Price Range to $17 - $19/Share
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Shake Shack (SHAK) IPO Opens Up 124%
January 30, 2015 10:11 AM ESTToday's IPO for Shake Shack Inc. (NYSE: SHAK) opened for trading at $47 per share, after pricing 5,000,000 shares of its Class A common stock at a public offering price of $21 per share, above the recently raised $17-$19 range.
J.P. Morgan and Morgan Stanley are the lead book-running managers of the offering. Barclays Capital Inc., Goldman, Sachs & Co., and Jefferies LLC are also acting as book-running managers in the proposed... More
Shake Shack (SHAK) Prices 5M Common IPO at $21/Share; Above Expected Range
January 30, 2015 6:20 AM ESTShake Shack Inc. (NYSE: SHAK) announced the pricing of its initial public offering of 5,000,000 shares of its Class A common stock at a public offering price of $21 per share. The shares are expected to begin trading on the New York Stock Exchange on January 30, 2015 under the ticker symbol SHAK. In addition, Shake Shack has granted the underwriters a 30-day option to purchase from Shake Shack up to an additional 750,000 shares of its Class A common stock at the initial public offering price, less the underwriting discount.
*** The company was previously looking for... More
