Shares of the hamburger chain Shake Shack — priced at $21 for today’s IPO — have more than doubled on their first day of trading. Shake Shack has 63 locations and plans to add 10 a year for the foreseeable future.
Danny Meyer’s “modern day roadside” burger joint is now worth more than $1.6 billion — a far cry from its first incarnation as a modest hot dog cart in Manhattan’s Madison Square Park.
Also, the Shake Shack truck will be outside the Stock Exchange today, giving out free burgers and “Shack swag and giveaways” all day (more details).
Christopher Parr, is the Editor and Chief Content Creator for Pursuitist, and a contributing writer to USA Today, Business Insider — and the on-air host of Travel Tuesday on Live at 4 CBS. He is an award-winning luxury marketing veteran, writer, a frequent speaker at luxury and interactive marketing conferences and a pioneer in web publishing. Named a "Top 10 Luxury Travel Blogger” by USA Today, Parr has also been selected as the official winner in Luxury Lifestyle Awards’ 2023 list of the “Top 50 Best Luxury Influencers and Bloggers in the World.”