Shake Shack shares more than double in stock market debut
- 1. Shake Shack shares more than double in stock market debut
NEW YORK -- Investors http://www.tradegreeks.com/information/autotrading are craving burgers
and crinkle-cut fries.
Shares of Shake How to buy EA Builder? Shack Inc. more than doubled in the minutes after they
debuted on the stock market debut Friday.
The New York-based burger chain raised $105 million, selling 5 million shares at $21 per share,
more than had been expected.
Trading under the ticker symbol "SHAK" on
the New York Stock Exchange, the shares
closed at $45.90, up $24.90 on the day.
Shake Shack cooks its burgers to order and
promotes its use of natural ingredients. The
chain has 63 restaurants in nine countries.
It plans to use some of the money raised to open new EA Builder Review locations, including one in
Austin, Texas.
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