Burger chain Shake Shack expects IPO to be priced at $14-$16/share: Reuters

Shake Shack Inc, a burger chain that grew out of a hot dog stand in New York’s Madison Square Park, said it expected its initial public offering to be priced at $14-$16 per share, valuing the company at up to $568 million.

The offering of 5 million class A shares is expected to raise up to $80 million, according to a regulatory filing.

(Reporting by Amrutha Gayathri in Bengaluru; Editing by Kirti Pandey)