Shake Shack Announces Pricing of Initial Public Offering
January 29 2015 - 5:54PM
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.
Investor:ICRSheryl Freeman, (844) SHACK04
(844-742-2504)investor@shakeshack.comorMedia:Shake
ShackEdwin Bragg, (646) 747-6654ebragg@shakeshack.comorICRJessica
Liddell, (203) 682-8200jessica.liddell@icrinc.com
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