Shake Shack expects IPO to be priced at $17-$19/share

Wed Jan 28, 2015 6:50am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Jan 28 (Reuters) - Burger chain Shake Shack Inc said it now expects its initial public offering to be priced at $17-$19 per share, up from its previous range of $14-$16.

The offering of five million Class A shares is expected to raise about $95 million, valuing Shake Shack at about $674.5 million at the top end of the expected price range, the company said in a regulatory filing on Wednesday. ( (Reporting by Avik Das in Bengaluru; Editing by Joyjeet Das)