Food For Thought: Shake Shack headed for IPO, per report
Love the burgers? Own a piece of the company.
Danny Meyer’s gourmet fast-food chain Shake Shack is going public. Brooklynites obsessed with the popular eatery, which has locations on Fulton Mall, by Barclays Center and next to Brooklyn Bridge Park, take note.
The Twitterverse was salivating Friday over unnamed sources saying Shake Shake is hiring investment bankers for an initial public offering. Reuters broke the big news.
Shake Shake is expected to earn about $20 million in 2015, the news service’s exclusive story said. Bon appetit, indeed.
Reps for Shake Shack and Meyer’s Union Square Hospitality Group didn’t respond to Reuters’ queries about the IPO plans.
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