NEW YORK--(BUSINESS WIRE)--
Shake Shack Inc. (“Shake Shack” or the “Company”) today announced that
it has filed a registration statement on Form S-1 with the Securities
and Exchange Commission relating to the proposed initial public offering
of its Class A common stock. The registration statement filed today
represents Shake Shack’s initial public filing pursuant to the
provisions of the Jumpstart our Business Startups (JOBS) Act of 2012.
The number of shares to be offered and the price range for the proposed
offering have not yet been determined. Shake Shack has applied to list
its Class A common stock on the New York Stock Exchange under the ticker
symbol “SHAK”. Following the offering, Shake Shack will be a separate
company from the privately held Union Square Hospitality Group.
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as
joint lead book-running managers in the proposed offering. Barclays
Capital Inc., Goldman, Sachs & Co., and Jefferies LLC are also acting as
book-running managers in the proposed offering. William Blair & Company,
L.L.C. and Stifel are acting as co-managers in the proposed offering.
The offering will be made only by means of a prospectus. A copy of the
preliminary prospectus related to the offering may be obtained, when
available, from: J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling
toll-free at (866) 803-9204; or Morgan Stanley & Co. LLC, 180 Varick
Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department.
A registration statement on Form S-1 relating to these securities has
been filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Shake Shack
Shake Shack® is a modern day “roadside” burger stand known for its
delicious burgers, hot dogs, frozen custard, crinkle cut fries, beer,
wine and more. With its fresh, simple, high-quality food at a great
value, Shake Shack is a fun and lively community-gathering place with
widespread appeal. From its premium ingredients and progressive hiring
practices to its environmentally responsible designs and deep community
investment, Shake Shack’s mission is to Stand For Something Good®. Since
the original Shack opened in 2004 in NYC’s Madison Square Park, the
Company has opened multiple locations in New York, New Jersey,
Washington, DC, Connecticut, Georgia, Illinois, Pennsylvania, Florida,
Massachusetts, Virginia, and international locations including in
London, Istanbul, Dubai, and more.
Source: Shake Shack Inc.