Shake Shack May Be Gearing Up for an IPO

You may soon be able to buy Shack shares.
You may soon be able to buy Shack shares. Photo: Marvin Joseph/The Washington Post via Getty Images

Danny Meyer’s hamburger chain, which currently includes outposts everywhere from the Middle East to Flatbush Avenue, is now reportedly planning an initial public offering. Reuters floats today’s rumor, citing sources “familiar with the matter,” and says that Shake Shack’s majority owner, Union Square Hospitality Group LLC, has been interviewing investment banks in preparation for the filing. While a spokesperson for the chain declined to comment, an IPO seems like the next logical step for the 10-year-old chain, which is expanding in its hometown, throughout the U.S., and also abroad at a rapid clip. [Reuters, Related]