Shake Shack Files For a Massive $100 Million IPO

Boutique burger shop Shake Shake is boutique no longer, filing for an IPO to the tune of $100 million.
By: Lawrence Bonk

Burgers are big business, as anyone in the burger business can tell you.  Burger joints reign supreme over any other kind of restaurant, making twice the dough of their nearest competitor, pizza parlors. So, with that in mind, it should come as no surprise that NYC darling Shake Shack has just filed for a $100 million initial public offering with the U.S. Securities and Exchange Commission.

What does this mean? Well, for one, expect to be able to buy and sell Shake Shack stocks in the near future. You should also expect many new franchise locations to open up around the world. The company plans to open ten new locations per year, capping out at a ludicrous 450. They are also rebranding themselves under the new label 'fine casual.' It's sort of like casual Friday if, instead of finally being able to eschew that suit, you had to wear one of those dumb tuxedo t-shirts.

The documents outlining the offering have some interesting facts about the company, including their plans to open multiple locations in Russia and the success of the Middle East market, which already boasts twenty locations. It looks like the golden arches may face some stiff competition from brisket burgers in the near future.

Keep Reading

On TV

Pizza Masters

7:30am | 6:30c

Pizza Masters

8:30am | 7:30c

Sugar Showdown

9:30am | 8:30c

Sugar Showdown

10:30am | 9:30c

Unique Sweets

11am | 10c

Unique Sweets

11:30am | 10:30c

Unique Sweets

12pm | 11c

Unique Sweets

12:30pm | 11:30c

Unique Sweets

1pm | 12c

Unique Sweets

1:30pm | 12:30c

Good Eats

2pm | 1c

Good Eats

2:30pm | 1:30c

Unwrapped 2.0

3:30pm | 2:30c

Choccywoccydoodah

4:30pm | 3:30c
7pm | 6c
On Tonight
On Tonight
8pm | 7c
9pm | 8c
10pm | 9c
11pm | 10c
12am | 11c
1am | 12c
2am | 1c
3am | 2c
What's Hot
What's Hot

The Best Thing I Ever Ate

New Episodes Sundays 8|7c

Pick a Side!

The Snackdown

In our new animated series, we debate the most-pressing food matters of our time, like is cereal a soup?

So Much Pretty Food Here