Leonard Green & Partners, L.P.
Press Release
Shake Shack Announces Pricing of Initial Public Offering
New York, NY - January 29, 2015 – (BUSINESS WIRE)-- Shake Shack Inc. (“Shake Shack” or
the “Company”) today announced the pricing of its initial public offering of 5,000,000 shares of
its Class A common stock at a public offering price of $21.00 per share. The shares are expected
to begin trading on the New York Stock Exchange on January 30, 2015 under the ticker symbol
“SHAK.” In addition, Shake Shack has granted the underwriters a 30-day option to purchase
from Shake Shack up to an additional 750,000 shares of its Class A common stock at the initial
public offering price, less the underwriting discount.
The closing of the offering is expected to occur on February 4, 2015, subject to the satisfaction of
customary closing conditions.
J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as joint lead bookrunning managers in the proposed offering. Barclays Capital Inc., Goldman, Sachs & Co., and
Jefferies LLC are also acting as book-running managers in the proposed offering. William Blair
& Company, L.L.C. and Stifel are acting as co-managers in the proposed offering.
A registration statement relating to the securities was declared effective by the Securities and
Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. A copy of the final prospectus
related to the offering may be obtained, when available, from: J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling
toll-free at (866) 803-9204; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New
York, NY 10014, Attention: Prospectus Department.
About Shake Shack
Shake Shack® is a modern day “roadside” burger stand known for its delicious burgers,
hot dogs, frozen custard, crinkle cut fries, beer, wine and more. With its fresh, simple, highquality food at a great value, Shake Shack is a fun and lively community-gathering place
Leonard Green & Partners, L.P.
Press Release
with widespread appeal. From its premium ingredients and progressive hiring practices to its
environmentally responsible designs and deep community investment, Shake Shack’s mission
is to Stand For Something Good®. Since the original Shack opened in 2004 in NYC’s Madison
Square Park, the Company has opened additional company-operated Shacks in New York, New
Jersey, Washington, D.C., Connecticut, Georgia, Illinois, Pennsylvania, Florida, Massachusetts,
Virginia, and Nevada, and international licensed Shacks in London, Istanbul, Dubai and more.
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Contacts
Investor:
ICR
Sheryl Freeman,
844-742-2504
[email protected]
or
Media:
Shake Shack
Edwin Bragg
646-747-6652
[email protected]
or
ICR
Jessica Liddell
203-682-8200
[email protected]
Source: Shake Shack Inc.