Shake Shack IPO: The Cult Burger May Go Public

Restaurateur Danny Meyer's popular burger chain Shake Shack appears to be preparing for an IPO. Unnamed sources tell Reuters that Union Square Hospitality Group — the burger chain's majority owner — has "interviewed investment banks in recent weeks to appoint underwriters for an initial public offering."

Shake Shack, which started out as a hot dog Kiosk in New York City, has grown into an incredibly successful global brand and Reuters notes that the chain is projected to post nearly $20 million in earnings next year. Shake Shack can be found across the U.S in cities like Miami, Chicago, and Boston as well as overseas in London, Dubai, and beyond.

· Shake Shack Preparing for an IPO [Reuters]
· All Shake Shack Coverage on Eater [-E-]