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Despite Some Financial Worries, Shake Shack Sees Rosy Future With $1B IPO

December 30, 2014: 12:00 AM EST
A business that started ten years ago as a hot dog stand, and now has 63 outlets in more than 30 cities worldwide, will go public this year with a goal of raising $1 billion on the New York Stock Exchange. The company emphasizes top-quality ingredients – all-natural Angus beef, vegetarian fed, humanely raised, source verified. But its IPO comes at a time when growth is slowing and profits are sliding despite a 41 percent increase in sales to $84 million in the 39 weeks through Sept. 24. The company plans to open 10 new company-operated stores a year starting in 2015, and hopes to eventually reach 450.
Leslie Picker et al., "Shake Shack Files for IPO That Could Value Burger Chain at $1 Billion", Bloomberg, December 30, 2014, © Bloomberg L.P.
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