Shake Shack (SHAK) IPO Modestly Adds to Friday's Gains
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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
