Press Releases

Shake Shack Seeks IPO Valuation of as Much as $568 Million

January 20, 2015

“There isn’t another restaurant that’s been this strong that’s IPO’d recently,” said James Gellert, CEO of Rapid Ratings International Inc., which uses financial models to grade securities. “The real question for Shake Shack is diversification and how well they’ll be able to expand locations outside of NYC.”

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