Similar Stories to Shake Shack Prices Ipo Above Expected Range on Bing News

Shake Shack, the popular burger chain founded in New York City, priced its initial public offering at $21 a share late Thursday, according to a company press release. The price is above the range the company had anticipated as late as Wednesday, when it raised its expected IPO price range to $17 to $19 a share from a previous range of $14 to $16. The company, founded in 2004 by restaurateur Danny Meyer, filed for its IPO at the end of December, with the New York Stock Exchange under the symbol “SHAK.” The chain’s stock will begin trading on NYSE Friday. Also on Wednesday, the burger chain increased the number of shares it plans to sell, from 5 million shares to 5.75 million.

BING NEWS:
  • Raspberry Pi prices London IPO with up to $688 million valuation
    Unconditional trading is expected to start on June 14. Peel Hunt is joint bookrunner, sponsor and global co-ordinator to the IPO alongside Jefferies International. Raspberry Pi is seeking to raise $40 ...
    06/2/2024 - 10:33 pm | View Link
  • Unveiling 19 Analyst Insights On Shake Shack
    Analysts have recently evaluated Shake Shack and provided 12-month price targets. The average target is $117.05, accompanied by a high estimate of $125.00 and a low estimate of $100.00. This current ...
    05/31/2024 - 6:18 am | View Link
  • Shake Shack Inc. (SHAK)
    Shake Shack (SHAK) benefits from strong same-shack sales, strategic expansion and innovative menu offerings. Quarterly earnings results are a good time to check in on a company’s progress ...
    05/31/2024 - 4:59 am | View Link
  • Shake Shack opens new location in Greater Boston
    An article from The Swellesley Report indicates that Shake Shack is now open in Wellesley, and as mentioned in an earlier article, it has taken over the former GAP space on Central Street in ...
    05/31/2024 - 3:36 am | View Link
  • Shake Shack—the Anti-Fast Food Chain—Turns to Drive-Thru as It Expands
    Shake Shack built a $4 billion business as an alternative to fast food, with gourmet cachet and lofty prices. But as it expands, it’s embracing a proven fast-food strategy—drive thru—while trying to ...
    05/29/2024 - 5:17 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News