Shake Shack to go public with high expectations

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Monday, January 26, 2015
The restaurant company Shake Shack is now taking its burgers, shakes, and crinkle-cut fries to Wall Street.

CHICAGO (WLS) -- Burger chain Shake Shack plans to raise up to $80 million when the company goes public this week.

The chain, which opened its first location in Chicago last year, expects the stock to open somewhere between $14-$16 a share.

Shake shack plans to use the money from the IPO to open hundreds of new locations across the country.