Shake Shack Planning To Net Up To $80 Million In IPO
New York City-based burger chain Shake Shack has revealed how much it plans to make in its latest SEC filing. The chain's estimate? Up to $80 million.By Jake Godin | January 20, 2015
2015 could be the year of the burger. Well, at least the year of Shake Shack.
The New York City-based restaurant's latest filing with the Securities and Exchange Commission has revealed it's aiming its initial public offering somewhere around $14 to $16 per share. (Video via Shake Shack)
The IPO could net Shake Shack as much as $80 million for its 5 million shares, though the company is estimating it'll be somewhere closer to $69.8 million depending on how underwriters exercise their stock options. (Video via Shake Shack)