The Traderszone Network

Published in TZ Latest News 30 January, 2015 by The TZ Newswire Staff

Shake Shack IPO vaults shares into ‘nosebleed’ territory

Shake Shack’s debut is the latest in a string of blockbuster IPOs from trendy restaurant chains that cater to younger and more affluent diners willing to pay a bit more for fresher and higher quality food. Growth-hungry investors are hoping to replicate the red-hot run of industry darling Chipotle Mexican Grill (CMG.N). Its IPO followed the successful listing two months ago of fellow premium burger seller Habit Restaurants (HABT.O).

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