NEW YORK--(BUSINESS WIRE)--
Shake Shack Inc. (“Shake Shack” or the “Company”), today announced the
closing of its initial public offering of 5,750,000 shares of its Class
A common stock at a public offering price of $21.00 per share. The
number of shares issued at closing included the exercise in full of the
underwriters’ option to purchase 750,000 additional shares. All of the
shares were offered by Shake Shack. Shake Shack received approximately
$112.3 million in proceeds from the offering, net of underwriting fees,
but before estimated offering expenses.
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC acted as joint
lead book-running managers in the offering. Barclays Capital Inc.,
Goldman, Sachs & Co., and Jefferies LLC also acted as book-running
managers in the offering. William Blair & Company, L.L.C. and Stifel
acted as co-managers in the offering.
A registration statement relating to these securities was declared
effective by the Securities and Exchange Commission on January 29, 2015.
This press release shall not constitute an offer to sell or a
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.
The offering was made only by means of a prospectus. A copy of the final
prospectus related to the offering may be obtained 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.
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 additional company-operated Shacks in New
York, New Jersey, Washington, D.C., Connecticut, Georgia, Illinois,
Pennsylvania, Florida, Massachusetts, Virginia, and Nevada, and
international licensed Shacks in London, Istanbul, Dubai and more.
Source: Shake Shack Inc.