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 … Read more
The burger chain will raise $105 million, giving the company af market value of about $746 million. The price is significantly above the $17-$19 range expected. The stock will begin trading on Friday under the ticker SHAK. The burger chain will raise $105 million, giving the company af market value of about $746 million. The … Read more
(Bloomberg) — After more than doubling in its trading debut, Shake Shack Inc. is being valued almost as highly as Facebook Inc. by at least one measure. Shake Shack shares have a price-to-sales ratio of about 15.6, just shy of Facebook's 16.1 and Shake Shack is known for long lines at its 34 locations in … Read more
Shake Shack's stock was trading at around $49 per share early in Friday's session, a roughly 133% gain above the $21 initial offering price that was set on Thursday evening. The company had initially anticipated a share price in the range of $14 to $16 And at Friday's closing price of just under $46, Shake … Read more
Shares of Shake Shack Inc., a restaurant chain known for its burgers and crinkle-cut fries, jumped as much as 150% Friday in their market debut, indicating the appetite that investors have in so-called fast-casual restaurants. The stock opened at $47 Shake Shack's stock was trading at around $49 per share early in Friday's session, a … Read more