Shake Shack To Sell Shares to the Public; Valued at $1 Billion - TopicsExpress

Shake Shack To Sell Shares to the Public; Valued at $1 Billion Dollars The Shake Shack is going public. The burger chain that restaurateur Danny Meyer launched from a cart in Madison Square Park has filed for an initial public offering in the U.S. The expanding hamburger empire, which now boasts 63 locations ranging from its famous kiosk in the park on Madison Ave. to far-off Dubai, has applied to list its stock on the New York Stock Exchange under the symbol SHAK. The IPO is expected to place the value of Shake Shack, which is owned by Union Square Hospitality Group, as high as $1 billion. c. 2014, The BHFG

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