NEW YORK--(BUSINESS WIRE)--
Shake Shack Inc. (“Shake Shack” or the “Company”) today announced the
pricing of its initial public offering of 5,000,000 shares of its Class
A common stock at a public offering price of $21.00 per share. The
shares are expected to begin trading on the New York Stock Exchange on
January 30, 2015 under the ticker symbol “SHAK.” In addition, Shake
Shack has granted the underwriters a 30-day option to purchase from
Shake Shack up to an additional 750,000 shares of its Class A common
stock at the initial public offering price, less the underwriting
discount.
The closing of the offering is expected to occur on February 4, 2015,
subject to the satisfaction of customary closing conditions.
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.
A registration statement relating to the securities was declared
effective by the Securities and Exchange Commission. 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 an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. A copy of the
final 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.
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.