Shake Shack May Go Public; Chain Considering IPO

Danny Meyer’s popular burger chain is reportedly contemplating selling its shares on the stock market
Shake Shack

Shake Shack is reportedly considering an initial public offering.

Sources close to the matter told Reuters last week that Shake Shack, the popular and ever-expanding burger chain from Danny Meyer, is preparing to go public through an IPO (initial public offering).

Union Square Hospitality Group is on the hunt for investment banks to appoint underwriters for the offering, reports Reuters.

The burger chain, which began as a hot dog cart in Madison Square Park in 2001, became a permanent kiosk in the park in 2004.

Since then, Shake Shack has opened locations all the country, including several more in New York City. Internationally, the chain also has locations in Dubai, Kuwait, Lebanon, Moscow, Istanbul, London, and other cities.

Thus far, Shake Shack has refrained from speaking publically on the matter. If the company does indeed pursue an IPO, it will join a string of other chain restaurants that have also gone public in 2014, including Papa Murphy’s, El Pollo Loco, and Zoe’s Kitchen. 

For the latest food and drink updates, visit our Food News page.

Karen Lo is an associate editor at The Daily Meal. Follow her on Twitter @appleplexy.

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