Shake Shack Prices 4M Share Offering @$60.00/Share

Loading...
Loading...
Shake Shack Inc.
SHAK
, today announced the pricing of a secondary offering of 4,000,000 shares of its Class A common stock by certain of the Company's stockholders (the "Selling Stockholders") at a price of $60.00 per share. In addition, the Selling Stockholders have granted the underwriters a 30-day option to purchase up to 600,000 additional shares of the Company's Class A common stock at the public offering price. All of the shares in the offering were offered by the Selling Stockholders and the Company will not receive any proceeds from the sale of these shares by the Selling Stockholders. The closing of the offering is expected to occur on August 18, 2015, subject to the satisfaction of customary
See full press release
Market News and Data brought to you by Benzinga APIs
Posted In: NewsOfferingsPress Releases
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...