Shake Shack files for IPO

Shake Shack files for IPO

Better-burger chain could raise as much as $100 million

Shake Shack Inc., the New York-based burger chain founded by noted restaurateur Danny Meyer, filed a prospectus Monday for an initial public offering that could raise as much as $100 million.

The 63-unit better-burger operator said it plans to list on the New York Stock Exchange under the ticker symbol “SHAK.”

Meyer's Union Square Hospitality Group LLC founded the first Shake Shack in 2004, with its roots as a hot dog cart that opened in 2001 in New York City's Madison

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