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发帖数: 4825 | 1 http://www.bloomberg.com/news/2014-12-29/shake-shack-files-for-
Shake Shack Inc., which went from a kiosk in a New York City park to
international burger chain over the past decade, filed for an initial public
offering in the U.S. with a plan to reward its founder Danny Meyer and
expand.
Shake Shack has more than 63 outlets in over 30 cities from London to Dubai.
It’s also profitable, with sales of nearly $84 million in the 39 weeks
through Sept. 24, the filing shows. The company is aiming for a $1 billion
valuation in the IPO, people familiar with the matter said in September.
Meyer, 56, is credited with founding some of New York’s most prestigious
eateries, including Gramercy Tavern, Eleven Madison Park, and Union Square
Cafe, which he opened three decades ago. Born and raised in St. Louis, he
serves as chairman of Shake Shack and his Union Square Hospitality Group LLC
also operates a catering business and hospitality consulting services.
Shake Shack's SEC Filing
Shake Shack’s origins lie in a Madison Square Park hot-dog cart that later
became a permanent kiosk. It’s known for drawing long lines of hungry city
dwellers seeking $4.95 burgers and $5.15 shakes, popularity that has led to
rapid growth -- with sales up 41 percent in the year-over-year period
through September - and expansion overseas.
450 Stores
In the U.S., Shake Shack plans to open 10 new company-operated stores each
year starting in 2015, and expects it could grow from 31 company-operated
stores to 450 over the long-term, it said in the filing. The company didn’t
say how long it will take to reach that target.
Shake Shack used a $100 million placeholder for the IPO, a figure to
calculate fees that may change. The company has applied to list its shares
on the New York Stock Exchange under the symbol SHAK.
In addition to making a payment to Meyer and early backers including Leonard
Green Partners & Partners LP, the company plans to use its IPO proceeds to
repay debt, open new Shake Shack restaurants and renovate existing ones.
JPMorgan Chase & Co. and Morgan Stanley are managing the offering. Because
Shake Shack filed as an emerging-growth company under the Jumpstart Our
Business Startups Act, or JOBS Act, it must wait at least 21 days before
officially marketing its share sale.
Other restaurants chains have been tapping the public market this year,
capitalizing on investors’ appetites for new and growth stocks. Pizza
seller Papa Murphy’s Holdings Inc. (FRSH) raised $63.8 million after going
public in May, while chicken chain El Pollo Loco Holdings Inc. (LOCO) has
gained about 40 percent since its July IPO.
To contact the reporters on this story: Leslie Picker in New York at
[email protected]
/* */; Leslie Patton in Chicago at [email protected]
/* */
To contact the editors responsible for this story: Nick Turner at nturner7@
bloomberg.net Mohammed Hadi, Niamh Ring | S*****s
发帖数: 2290 | 2 这个很好吃，感觉比in n out和五个人好吃。没吃过smashburger和habit，不大清楚水
平如何。 |
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