Shake Shack expects IPO to be priced at $17-$19/share
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. (1.usa.gov/1uAgThX) (Reporting by Avik Das in Bengaluru; Editing by Joyjeet Das)
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