(Reuters) - Shares of Shake Shack Inc (SHAK.N) more than doubled on Friday, putting a nearly $2 billion price tag on the small cult hamburger chain, in a huge bet that its growth can match top performers in the crowded "fast-casual" dining space.Shake Shack's debut is the latest in a string of blockbuster IPOs from trendy restaurant chains that cater to younger and more affluent diners willing to pay a bit more for...
Showing posts with label Shake Shack. Show all posts
Showing posts with label Shake Shack. Show all posts
Friday, January 30, 2015
Burger mania: Shake Shack stock up 135%
Burger mania: Shake Shack stock up135% NEW YORK (CNNMoney) Shake Shack is no longer just a cult favorite for foodies. Its now a cult stock too.The upscale burger joints shares surged 135% Friday morning in their debut on the New York Stock Exchange.Shake Shack priced its initial public offering at $21 a share Thursday evening above the price range Shake Shack set earlier this week. It opened at $47.21...
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