At $21 a share, Shake Shack is raising $105 million, making the company worth $745.5 million. Shake Shack (SHAK) is set to debut on the New York Stock Exchange Friday morning. To celebrate its first day as a public company, Shake Shack said it will
Jason McDonnell bought 30 shares of Shake Shack Friday morning and sold them 10 minutes later for a $100 profit. Then he headed out the door to try his first-ever Shackburger. “I figured I bought their stock and made some money, I might as well give
In fact, Shake Shack itself is a very small chain in the grand scheme of the fast-food industry. It has just over 60 restaurants globally and nearly half, 27 of them, are overseas. In the U.S., they are concentrated mainly in the
The splitting of Shake Shack from privately held USHP, which remains home to such upscale eateries as Gramercy Tavern, The Modern and Maialino, left Green with a 26.0 percent Shack stake — valued at $423 million after the IPO — in the new public
Jason McDonnell bought 30 shares of Shake Shack Friday morning and sold them 10 minutes later for a $100 profit. Then he headed out the door to try his first-ever Shackburger. “I figured I bought their stock and made some money, I might as well give