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Shake Shack (SHAK) Boosts Expected IPO Price Range to $17 - $19/Share

January 28, 2015 6:34 AM EST

Shake Shack Inc. (NYSE: SHAK) filed an amended registration with the U.S. SEC for an IPO of its common stock. The company plans to offer 5 million shares and sees a price of $17 to $19 per share, up from a previously expected range of $14 to $16 per share. The company plans to list on the NYSE under the ticker SHAK.

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 offering. William Blair & Company, L.L.C. and Stifel are acting as co-managers in the proposed offering.

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 ("USHG"), Shake Shack was created leveraging USHG's expertise in community building, hospitality, fine dining, restaurant operations and sourcing premium ingredients.



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