Reginal Thomas
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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.