Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
Food
Would You Buy Stock In Shake Shack?
By
Nell Casey
Published Aug 15, 2014
Modified Aug 15, 2014
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Nell Casey
Published Aug 15, 2014
Modified Aug 15, 2014
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
We're already spending money to expand our waistlines with concretes and crinkle fries and now we may be able to own a piece of Shake Shack for longer than the span of a digestive cycle. A source tells Reuters that Danny Meyer's ever expanding burger chain may go public.
"Shake Shack's majority owner, Union Square Hospitality Group LLC, has interviewed investment banks in recent weeks to appoint underwriters for an initial public offering, the people said on Friday," according to the news agency. It's too soon to tell just how much a 'Shroom Burger is worth on the open market but given the voracious appetite for the eateries in NYC—and the few that have snuck past our borders—it could be a big deal.
The chain is poised to post earnings around $20 million next year, the source also revealed. Is that enough to buy back Union Square Cafe?
Tagged
danny meyer
ipo
shake shack
union square hospitality group
Nell Casey
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE food
North African restaurants are rare in NYC. These 10 are the best.
Egyptian, Moroccan, Algerian and Tunisian food is delicious but underrepresented in the city.
By
Robert Sietsema
Published Oct 10, 2026
10 dishes that demonstrate the delicious diversity of curry in New York City
The global dish is shapeshifting and ubiquitous.
By
Robert Sietsema
Food
10 dishes that demonstrate the delicious diversity of curry in New York City
The global dish is shapeshifting and ubiquitous.
By
Robert Sietsema
Frozen yogurt is back in New York City. So are the super long lines.
By
Sonia Rao
5 NYC banana puddings as good as Magnolia's
By
Hannah Frishberg
Where to eat in Greenpoint, Brooklyn right now, from Polish to Sichuan to Iberian
By
Robert Sietsema
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .