“Roadside Burger” Chain Plans IPO

Shake Shack, which bills itself as a modern-day “roadside burger” restaurant chain, is planning an initial public stock offering, according to news reports. The company evolved from a New York City hot dog cart and kiosk facility to the current incarnation serving burgers, hot dogs, frozen custard, shakes, beer and wine to customers in four states, the District of Columbia and Turkey. Majority owner Union Square Hospitality Group LLC has been interviewing banks to appoint as underwriters for the IPO, Fortune magazine reports.