Shake Shack Sizzles With IPO As McDonald's Fizzles


Wall Street went wild for burgers Friday. Shares of Shake Shack, a burger chain that started as a New York City hot dog cart, more than doubled in their first day of trading. The company raised $105 million in its initial public offering Thursday

Danny Meyer, left, Founder and CEO of Union Square Hospitality Group, and Randy Garutti, second left, CEO of Shake Shack, ring a ceremonial bell on the floor of the New York Stock Exchange Friday as the burger chain's stock begins trading. Photograph 

At $21 a share, Shake Shack is raising $105 million, making the company worth $745.5 million. Shake Shack (SHAK) is set to debut on the New York Stock Exchange Friday morning. To celebrate its first day as a public company, Shake Shack said it will

In fact, Shake Shack itself is a very small chain in the grand scheme of the fast-food industry. It has just over 60 restaurants globally and nearly half, 27 of them, are overseas. In the U.S., they are concentrated mainly in theĀ 

Budding burger empire Shake Shack (SHAK) went public on the New York Stock Exchange on Friday. After pricing above the expected range at $21 per share and raising $105 million, shares soared 138%, surpassing $50 midday. The stock closed just under