Reginal Thomas
0
All posts from Reginal Thomas
Reginal Thomas in reginal thomas,

JPMorgan & Chase and Morgan Stanley Hired To Underwrite Shake Shack's IPO


Shake Shack has chosen JPMorgan Chase & Co. and Morgan Stanley to lead the company’s initial public offering. The IPO could happen as early as this year. Analysts expect Shake Shack to have $20 million in earnings next year, so the IPO is expected to a small one. Shake Shack interviewed different investment banks for weeks before appointing a underwriter.