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Shake Shack Prepares for its IPO, Founder and Chairman to Cash In

January 20, 2015

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The Stock Structure Debate

Shake Shack, a fast casual restaurant chain based in New York, NY, is looking to raise upwards of $80.0 million through its IPO with shares pricing between $14.00 and $16.00 each.

Shake Shack Founder and Chairman Compensation

Upon the offering, Founder and Chairman of the Board Daniel Meyer is expected to own 21.3% of the company, which will be valued at $113.6 million based upon the company’s price range midpoint of $15.00. Randy Garutti, who has served as Shake Shack’s CEO since April 2012, is expected to own 2.7% of the company, which will be valued at $14.1 million.

Read related IPO analysis here.