Get ready for the most mouthwatering IPO of 2015.
Shake Shack, the fast-growing burger chain, filed paperwork with the Securities and Exchange Commission on Monday to raise up to $100 million in a public offering
The high-end burger shop was founded more than a decade ago by serial restauranteur Danny Meyer and gained press for its seemingly never-ending lines. There are now more than 60 Shake Shack locations, a little less than half of which are franchised shops outside the U.S
During the first three quarters of this year, Shake Shack generated $78.9 million in sales and another $4.8 million from licensing, bring its total revenue to $83.75 million. That's up about 40% from the $59.5 million in total revenue it during the same period a year earlier Read more...
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