Investors relish US debut for Shake Shack
Shake Shack's success on the IPO market mirrors that of other fast casual restaurants, including Chipotle Mexican Grill. Chipotle's shares, which were listed at $22 in 2006, now trade at around $711. Described as a "cult", Shake Shack is evidence of the trend for customers to cho...
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| Published in | Independent (London, England : 1986) |
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| Main Author | |
| Format | Newspaper Article |
| Language | English |
| Published |
London (UK)
Independent Digital News & Media
31.01.2015
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| Online Access | Get full text |
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| Summary: | Shake Shack's success on the IPO market mirrors that of other fast casual restaurants, including Chipotle Mexican Grill. Chipotle's shares, which were listed at $22 in 2006, now trade at around $711. Described as a "cult", Shake Shack is evidence of the trend for customers to choose more expensive chains over the likes of the struggling fast-food giant McDonald's. |
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| ISSN: | 0951-9467 |