Comment on IPO Sizzles as Shake Shack Tests Big Chains

IPO Sizzles as Shake Shack Tests Big Chains

Shares of fast-casual chain Shake Shack, rocketed up 119% on their first day of trading from their initial public offering price of $21 each, ending at $45.90 and giving the operator of 63 restaurants a valuation topping $1.6 billion.

 

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