Shake Shack Shares More Than Double From IPO Price
Shake Shack Inc. shares more than doubled from their issue price Friday, climbing to as high as $49 in the first few minutes of trading. The shares were priced late Thursday at $21, which was above the price range of $17 to $19 a share. The burger chain offered 5 million shares and has the option to sell another 750,000.
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